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

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MNI: EUROZONE DATA: Construction Output (Mar 2019) 
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- EZ construction output: -0.3% m/m, 6.3% y/y; Prev (Feb): 3.0% m/m, 7.6% y/y
(rev. up from 5.2%)
- EZ construction output fell back slightly m/m in Mar, after rising at its
fastest rate in two years in Feb
- Feb's y/y rise in output was revised up by 2.4pp to 7.6% - the strongest
annual gain since Mar 2007
- Building construction fell 0.6% m/m, while civil engineering rose 0.4% m/m
- Among member states for which data is available, the largest m/m declines in
construction output were recorded in Slovenia (-6.1%) & Belgium (-1.8%)...
- ... while Germany (+1.0%) & the Netherlands (+0.4%) registered the only
monthly gains
- After increasing by 2.0% q/q in Q1, helped by warmer-than-usual weather,
construction output is unlikely to maintain this pace of growth going forward...
- ... although forward-looking surveys remain consistent with further expansion

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