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11/19/2020, 11:03 AM (Source: TeleTrader)
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Euro area construction output falls 2.9% in September

Seasonally adjusted production in the construction sector in the euro area fell by 2.9% month on month in September, according to a preliminary report published by Eurostat on Thursday. In the whole European Union, the construction output was down by 2.5%.

Building construction in the Eurozone decreased by 2.7% on a monthly basis and civil engineering declined by 0.8%. Among member states, the largest monthly drop was recorded in France, where construction output plunged 8.4%. Meanwhile, the largest increase was observed in Slovenia, where construction production climbed 2.6% month on month.

On an annual basis, production in construction slid 2.5% in the euro area and fell 2.7% in the EU.

Baha Breaking the News (BBN) / NP