Financial News: Eurozone Construction Output Rebounds 1.0%

Eurozone Construction Output Rebounds 1.0%

12/18/2024 - 06:18:00 (RTTNews)

(RTTNews) - Eurozone construction production expanded strongly in October after falling in the previous month, data from Eurostat showed on Wednesday.

Construction output rose 1.0 percent monthly after a 0.3 percent fall in September. Further, this was the strongest growth since February 2023.

The rebound in output was mainly driven by the 1.6 percent growth in civil engineering activity, followed by a 0.7 percent rise in the building sector. There was a 0.5 percent gain in specialized construction activities.

On a yearly basis, industrial production recovered 0.2 percent in October, reversing a 2.0 percent fall in September.

Construction output in the EU also rebounded 0.7 percent on month while decreasing 0.8 percent annually.

The largest monthly increases in production in construction were recorded in Austria, Hungary, and Portugal, while the biggest decreases were observed in Romania and Poland.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Ireland Property Price Inflation Slows For Third Month (06 hr(s), 31 min(s), 56 sec(s) ago)
(RTTNews) - Residential property price inflation in Ireland eased for the third month in a row in ...Full Story»

Poland Industrial Output Recovers; PPI Falls At Slower Pace (07 hr(s), 52 min(s), 56 sec(s) ago)
(RTTNews) - Poland's industrial production recovered in December on a rebound in mining and qu ...Full Story»

Iceland Jobless Rate Surges To 3.9% In December (08 hr(s), 03 min(s), 56 sec(s) ago)
(RTTNews) - Unemployment rate in Iceland climbed sharply to a three-month high in December after e ...Full Story»

UK Budget Deficit Surges On Interest Payments (08 hr(s), 26 min(s), 56 sec(s) ago)
(RTTNews) - The UK budget deficit more than doubled in December largely due to interest payments, ...Full Story»

Malaysia Central Bank Holds Key Interest Rate Steady At 3% (08 hr(s), 42 min(s), 56 sec(s) ago)
(RTTNews) - Malaysia's central bank left its benchmark interest rate unchanged on Wednesday as ...Full Story»

South Africa Inflation Climbs For Second Month, Retail Sales Growth Improves (08 hr(s), 49 min(s), 56 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated for a second straight month in ...Full Story»

UK Budget Deficit Widens In December (13 hr(s), 42 min(s), 56 sec(s) ago)
(RTTNews) - The UK budget deficit more than doubled in December from the last year as increases in ...Full Story»

South Korea Consumer Confidence Improves In January (14 hr(s), 35 min(s), 56 sec(s) ago)
(RTTNews) - South Korea's consumer sentiment increased for the first time in three months in J ...Full Story»