Financial News: Eurozone Construction Output Expands Most In 17 Months

Eurozone Construction Output Expands Most In 17 Months

08/20/2024 - 07:56:00 (RTTNews)

(RTTNews) - Eurozone construction output recovered in June and marked the fastest growth in nearly one-and-a-half years, Eurostat reported on Tuesday.

Construction output posted an increase of 1.7 percent on a monthly basis in June, reversing a 0.9 percent drop in May. This was the first rise in four months.

Further, this was the quickest expansion since January 2023, when output had risen 3.4 percent.

The recovery was largely driven by a 1.8 percent growth in the construction of buildings. Civil engineering logged an expansion of 1.1 percent, and specialized construction activities rebounded by 0.5 percent.

On a yearly basis, construction output advanced 1.0 percent in June versus a 2.1 percent fall a month ago.

Construction output in the EU27 increased 1.4 percent per month, while it dropped by 0.1 percent from the same period last year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Turkey Industrial Production Falls 3.9% (08 min(s), 56 sec(s) ago)
(RTTNews) - Turkey's industrial production declined for the second straight month in July, the ...Full Story»

Brazil Inflation Eases To 4.24% (36 min(s), 56 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation eased for the first time in four months in Augus ...Full Story»

Hungary Inflation Eases To 3.4%, Lowest In 42 Months (01 hr(s), 42 min(s), 56 sec(s) ago)
(RTTNews) - Hungary's consumer price inflation slowed in August to the lowest level in three-a ...Full Story»

Austria Production Index Declines At Slower Pace (02 hr(s), 10 min(s), 56 sec(s) ago)
(RTTNews) - Austria's production index posted a slower decline in July, figures from Statistic ...Full Story»

Czech Inflation Steady At 2.2% (02 hr(s), 57 min(s), 56 sec(s) ago)
(RTTNews) - The Czech Republic's consumer price inflation held steady in August after rising i ...Full Story»

Norway Inflation Eases Unexpectedly, Producer Prices Rise Further (03 hr(s), 54 min(s), 56 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased somewhat in August, while producer prices ...Full Story»

Spain Industrial Output Falls For First Time In 4 Months (04 hr(s), 27 min(s), 56 sec(s) ago)
(RTTNews) - Spain's industrial production declined for the first time in four months in July d ...Full Story»

German Inflation Slows As Estimated (05 hr(s), 04 min(s), 56 sec(s) ago)
(RTTNews) - Germany's consumer price inflation weakened, as initially estimated, in August due ...Full Story»