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Eurozone Construction Slumps in Dec

EUROZONE DATA
MNI (London)

EZ DEC CONSTRUCTION -4.0% M/M, -3.9% Y/Y; NOV -0.2% M/M

  • Eurozone construction output fell 4.0% M/M in December, the strongest contraction since April 2022.
  • Surging Covid cases in the region and associated restrictions were likely the key driver of the slide in output growth.
  • Austria, Germany and France led the declines with construction falling by 7-8% m/m across the regions.

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