Eurozone Construction Output Declines For Third Month

Eurozone construction output shrunk for the third consecutive month in November, data released by the statistical office Eurostat showed on Friday.

Total construction declined 0.6 percent month-on-month, following a 1.1 percent fall in October, which was revised from a 1.2 percent fall reported initially.

Building construction decreased 1.1 percent, while civil engineering output rose 1 percent.

In EU 28, construction output fell 1.1 percent monthly, after a 0.3 percent decline in the previous month. Output decreased for the third successive month.

The biggest monthly declines were noted in the Czech Republic, Romania and the U.K. The largest increases were witnessed in Slovenia, Poland and Hungary.

Year-on-year, euro area construction output shrunk 1.7 percent in November, after a 2.3 percent slump in October, revised from a 2.4 percent fall.

In EU 28, output dropped 1.6 percent, following a 1 percent decrease in October, which was revised from a 0.8 percent decline.

by RTT Staff Writer

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Eurozone Construction Output Declines For Third Month