1/19, 11:00 AM (Source: TeleTrader)
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Eurozone construction output down by 0.2% in November

Seasonally adjusted production in the construction sector in the euro area slid by 0.2% month on month in November, according to a preliminary report issued by Eurostat on Wednesday. In the entire European Union, the figure was up by 0.2%.

Building construction in the Eurozone contracted by 0.7% on a monthly basis and civil engineering was up by 1%. Among member states, the sharpest fall was recorded in Belgium, where construction output lost 3.7%. Meanwhile, the largest jump was observed in Romania, where construction production surged 8% month on month.

On an annual basis, production in construction expanded 0.5% in the euro area and 1.3% in the bloc.

Baha Breaking News (BBN) / BU