Financial News: Eurozone Construction Output Rebounds 0.4%

Eurozone Construction Output Rebounds 0.4%

11/20/2023 - 05:56:00 (RTTNews)

(RTTNews) - Eurozone construction output expanded in September after falling in the previous month, data from Eurostat showed on Monday.

Construction output advanced 0.4 percent month-on-month in September, reversing a 1.1 percent decline in August.

Civil engineering posted an increase of 1.5 percent, while building construction rose only 0.2 percent.

On a yearly basis, production in the construction sector slid 0.3 percent after remaining flat in the previous month.

Construction output in the EU27 grew 0.5 percent on a monthly basis in September, and it moved up 0.1 percent from the same period last year.

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