Eurozone Construction Output Falls 0.7% in June as Monthly Activity Drops 1.3%
Updated
Updated · TradingView · Aug 20
Eurozone Construction Output Falls 0.7% in June as Monthly Activity Drops 1.3%
3 articles · Updated · TradingView · Aug 20
Summary
June eurozone construction output fell 0.7% from a year earlier, reversing a downwardly revised 0.7% rise in May; output also dropped 1.3% on the month after a 0.2% gain.
Building construction drove the setback, shrinking 6.5%, while civil engineering growth slowed to 0.3% from 3.5% and specialized construction activities eased to 0.2% from 2.4%.
France and Belgium posted some of the sharpest deteriorations, with output down 4.5% and 4.1% respectively; Spain fell 8.5%, though that was less severe than May's 12.8% contraction.
The June data point to broad-based weakness across eurozone construction, with declines no longer confined to building work as other segments also lost momentum.