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Free AccessMNI: EUROZONE DATA: Construction Output (Apr 2019)...>
MNI: EUROZONE DATA: Construction Output (Apr 2019)
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- EZ construction output: -0.8% m/m, 3.9% y/y
- Prev (Mar): -0.4% m/m, 5.8% y/y (rev. down from -0.3% m/m & 6.3% y/y)
- EZ construction output fell for a second consecutive month in Apr, as the
unwind from the sharp 2.9% m/m surge in Feb continued
- Civil engineering slumped by 2.5% m/m, while building construction declined by
a milder 0.5% m/m
- Among states for which data is available, the largest m/m declines in constr
output were seen in Slovenia (-7.4%), France (-2.3%) & the Netherlands (-1.2%)
- ... while Belgium (+1.8%), Spain (+1.6%), Finland (+0.9%) & Germany (+0.2%)
were the only countries to register monthly gains
- Constr output recorded four consecutive quarterly gains between Q2 18-Q1 19,
with Q1's robust 1.8% q/q expansion bolstered by favourable weather
- Fwd-looking indicators suggest a less vigorous performance in Q2, albeit at
50.6 in May, the Eurozone's construction PMI remains in expansion territory
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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.