Eurozone Construction Output Rises At Slower Pace

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Eurozone construction output grew at a slower pace in July reflecting contraction in civil engineering, Eurostat reported Wednesday.

Construction output rose 0.3 percent month-on-month, slower than the 0.7 percent increase in June. This was the fourth consecutive rise in production.

Building construction advanced 1.9 percent, while civil engineering fell 4.4 percent in July.

On a yearly basis, production in construction advanced 2.6 percent, following June's 3 percent expansion.

In the EU28, the increase of 0.4 percent in overall output was due to building construction rising 1.7 percent, while civil engineering fell 3.9 percent.

The material has been provided by InstaForex Company - www.instaforex.com
 
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