The eurozone construction output contracted for the second straight month in December, while production in the European Union declined for the first time in four months. EZU is up 0.90% premarket.
- Eurozone total construction in December declined by 4.0%, following the 0.2% drop in November. Building construction fell by 4.5%, and civil engineering works by 1.9%.
- European Union’s construction contracted by 3.1%, after the 0.1% growth in November. Building construction dropped by 3.6%, and civil engineering works by 1.3%.
- Compared with the same month in the previous year, eurozone construction fell by 3.9% and EU construction by 1.8%.
- Annual average production grew by 5.2% in the euro area and 4.8% in the EU.
- The most significant annual decreases in production were recorded in Germany, Slovenia, and Austria, while the highest jumps were in Hungary, Italy, and Sweden.
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