8/18, 10:58 AM (Source: TeleTrader)
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Construction output in euro area down by 1.3% in June

The seasonally adjusted production in the construction sector in the Eurozone observed a monthly decline of 1.3% in June, the European Commission's statistical office Eurostat said in its report published on Thursday. In the European Union, the figure went down by 1.2%.

In comparison to May, civil engineering fell by 1.3% in the euro area and 1.4% in the EU. Meanwhile, building construction dropped by 1.2% in both the Eurozone and the EU.

On an annual level, the production in construction grew by just 0.1% in the Eurozone and 0.6% in the EU. In the euro area, building construction rose by 0.1%, while, on the other hand, civil engineering declined by 0.2%. In the EU, the former figure advanced by 0.8%, and the latter by just 0.1%.

Baha Breaking News (BBN) / JR