Eurozone Construction Output Falls In Decembe…

February 19, 2020

Eurozone construction output declined in December after rising in the previous month, Eurostat reported on Wednesday.

The construction output dropped 3.1 percent month-on-month in December, after a 0.7 percent rise in November. In October, output fell 0.7 percent.

The decline was driven by a 3.6 percent decrease in building construction and a 1.4 percent fall in civil engineering.

On a year-on-year basis, the construction output dropped 3.7 percent in December, after a 1.4 percent rise in the prior month.

In the EU27, construction output decreased 2.8 percent month-on-month, and declined 2.6 percent from the same month a year ago.

In 2019, production in construction in the euro area increased by 1.8 percent compared to the last year. In EU27, the construction output rose 2.4 percent.



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