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Eurozone construction output revives in March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 20/05/2015 (14:56)
According to data released by Eurostat, construction output in the eurozone increased 0.8% on the month in March following a revised drop of 1.6% in February. On a yearly basis, however, construction output fell for a second straight month to post a decrease of 2.7% after declining 3.5% in February.

The data showed that construction output in the building sector climbed 0.3% in March after declining 1.4% in the previous month while output in civil engineering rose 3.2% following a drop of 2.2% in February.

Among EU member states, the highest monthly increases in construction output were recorded in Hungary (+6.3%), Romania (+4.4%) and the United Kingdom (+3.8%) while the largest decreases were seen in Spain (-1.4%) and Bulgaria (-0.7%) in March.
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