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MNI: EUROZONE DATA: Construction Output (Mar 2019)...>

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MNI: EUROZONE DATA: Construction Output (Mar 2019) Preview - 10:00 BST
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- Previous (Feb): 3.0% m/m, 5.2% y/y
- After a modest contraction in Jan, EZ construction output rose at its
strongest monthly pace in two years in Feb...
- ... bolstered by a surge in civil engineering (+6.4%) and a solid rise in
building construction (+2.1%)
- Among member states for which data was available, the strongest m/m increases
in construction output were seen in Slovenia (+11.9%) & Germany (+6.8%)...
- ... while the only declines were recorded in Spain (-0.9%) & Finland (-0.3%)
- The surge in construction output in Feb was helped by unusually warm weather
for the time of year
- The EZ construction PMI moderated slightly in Mar (52.2) & April (52.1) from
52.6 in Feb...
- ... signalling a potential cooldown in construction activity growth ahead,
albeit remaining consistent with further gains in output

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