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Financial News: Eurozone Construction Output Growth Improves

Eurozone Construction Output Growth Improves

10/19/2020 - 06:29:00 (RTTNews)

(RTTNews) - Eurozone construction output rose at a faster pace in August after easing in the previous month, data form Eurostat showed on Monday.

The construction output increased 2.6 percent month-on-month in August, following a 0.3 percent rise in July.

Production in building construction gained 2.8 percent monthly in September and civil engineering rose 0.7 percent.

On a year-on-year basis, the construction output fell 0.9 percent in September, following a 3.4 percent decline in the prior month.

In the EU27, construction output increased 2.4 percent monthly, and fell 1.5 percent from the same month a year ago.

Among member states, the biggest increases were recorded in France, Slovenia and Hungary, while the largest decreases were observed in Slovakia, Belgium and Czechia.

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