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MNI BRIEF: Eurozone Construction Sees Biggest Fall Since Feb

(MNI) LONDON
(MNI) London

Eurozone construction output declined by 1.3% in August, the biggest fall since a 1.8% slide in February, according to data released by Eurostat on Tuesday. That follows a 0.1% increase in July, unrevised from last month's initial report. Building work fell by 1.3%, while civil engineer contracted by 1.9%.

Over the year to August, construction slumped by 1.6%, also the worst performance since February, following a 3.5% rise in July (revised up from an earlier report of +3.3%).

German construction output fell 3.1% between July and August, the worst fall since January, while French construction fell by 1.7% and Spain suffered a 1.5% decline.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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