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Construction output in Eurozone rebounds in Oct

by ChemOrbis Editorial Team -
  • 18/12/2014 (13:52)
Construction output in the eurozone rose in October to post the largest monthly increase since December 2013, according to preliminary data released by the statistical office of the European Union (Eurostat). Increases in building output and civil engineering were cited as the main reasons behind the region’s stronger figures.

Eurozone construction output rose 1.3% month over month in October compared with a 1% decrease in September, which was revised downward from an initially reported drop of 1.8%. On a yearly basis, construction output increased 1.4% in October after posting a 2% decrease in September. Building activity rose 1.4% while civil engineering grew by 0.3% in October.

Across the region, the highest yearly increases in construction output were reported in Hungary (+15.8%), Spain (+13.9%) and Sweden (+10.5%) while the largest decreases were seen in Romania (-11.3%), Portugal (-5.7%), Italy (-4.3%) and Slovakia (-4.2%).
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