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Financial News: Eurozone Construction Output Drops In September

Eurozone Construction Output Drops In September

11/19/2020 - 06:52:00 (RTTNews)

(RTTNews) - Eurozone construction output dropped for the first time in five months in September, data form Eurostat showed on Thursday.

The construction output decreased 2.9 percent month-on-month in September, after a 3.9 percent rise in August.

Production in building construction declined 3.2 percent monthly in September and civil engineering fell 0.4 percent.

On a year-on-year basis, the construction output fell 2.5 percent in September, after a 0.4 percent rise in the prior month.

In the EU27, construction output decreased 2.5 percent monthly, and fell 2.7 percent from the same month a year ago.

Among member states, the largest decreases were recorded in France, Italy, and Slovakia, while the biggest increases were observed in Sloevnia, Romania, Bulgaria and Germany.

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