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

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MNI: EUROZONE DATA: Construction Output (May 2019) Review
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- EZ construction output: -0.3% m/m, 2.0% y/y
- Prev (Apr): -1.7% m/m, 3.1% y/y (rev. down from -0.8% m/m & 3.9% y/y)
- EZ construction output declined for the third successive month in May after
peaking in Feb
- Civil engineering fell by -0.8% m/m, while building construction declined by a
milder -0.3% m/m
- Among states for which data is available, Finland (-3.1%), Germany (-2.4%) and
Belgium (-1.2%) recorded the largest m/m declines...
-...while the biggest monthly gains were seen in Slovenia (+4.1%), France
(+1.9%) and the Netherlands (+1.4%)
- Apr's and May's reading show a weak start into Q2 and fwd-looking indicators
suggest a muted Q2 performance...
-...although the EZ's construction PMI (June: 50.8) remains in expansion
territory

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