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2/19, 11:01 AM (Source: TeleTrader)
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Eurozone construction output down 3.1% in December

Seasonally adjusted construction output in the euro area fell by 3.1% in December compared to the previous month, according to Eurostat's preliminary report released on Wednesday. On an annual basis, Eurozone's construction production dropped by 3.7% in December.

When it comes to the whole European Union (EU27), the output in the construction sector slipped 2.8% month-over-month in December while it went down by 2.6% compared to the same month in 2018.

Civil engineering in the euro area decreased 1.4% monthly in December while building construction was 3.6% lower. Meanwhile, in the EU27 building construction slid 3% while civil engineering slipped 1.1% on a monthly basis in December. Germany's construction output fall was the largest in the bloc at 8.7%, followed by Poland with a drop of 3.4%.

Breaking the News / GA