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Financial News: Eurozone Construction Output Falls For Third Month

Eurozone Construction Output Falls For Third Month

08/18/2021 - 07:33:00 (RTTNews)

(RTTNews) - Eurozone's construction output declined for the third straight month in June, data from Eurostat showed on Wednesday.

The construction output fell 1.7 percent month-on-month in June, after a 0.4 percent decrease in May.

Production in building construction decreased 1.9 percent monthly in June, while output in civil engineering grew 0.2 percent.

On a year-on-year basis, the construction output gained 2.8 percent in June, after a 12.2 percent growth in the prior month.

In the EU27, the construction output fell 1.2 percent monthly, and gained 3.5 percent from a year ago.

Among member states, the biggest increase were recorded in Hungary, Romania and Austria, while the decrease were observed in Spain, Germany and Belgium.

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