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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Eurozone construction output slumped by 1.7% m/m in June, the third consecutive fall, Eurostat said Wednesday. Output in May was revised sharply downward to -0.4% from the originally-reported +0.9%. Over the year to June, construction rose by 2.8%, down sharply from a 12% y/y rise in May and a 45% surge in April.
Output declined between May and June in most of the eurozone's leading economies, slumping 2.6% in Germany (the third consecutive monthly fall), declining 2.0% in France and plunging 3.6% in Spain.
Over the second quarter, construction rose by 0.8%, exceeding the 0.6% rise in the opening months of 2021. Building works increased by 0.7% between April and June, while civil engineering improved by 1.4%.
Source: Eurostat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.