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Eurozone, EU Construction Output Growth Cool to Three-Month Low in June

August 18, 2021 by Forex Winner Leave a Comment

Eurozone, EU Construction Output Growth Cool to Three-Month Low in June

Source: Eurostat

Construction output in both the euro area and the European Union continued to grow in June, but slowed to the lowest in three months. 

  • Total construction in the euro area grew by 2.8%, down from 12.2% in May. This is the fourth straight month of growth but the weakest since April’s 45.6%.
  • Building works expanded by 3.1%, while civil engineering works climbed by 2.2%.
  • Second-quarter total construction climbed 16.5%, building works by 17.1%, and civil engineering by 12.9%.
  • Total construction in the European Union increased by 3.5%. This is the fourth straight month of expansion but the weakest since April’s 35.7%.
  • Building works gained 3.8%, while civil engineering works jumped 2.6%.
  • Second-quarter total construction grew 10.4%, building by 14.7%, and civil engineering by 10.4%.
  • The highest annual increases were seen in Hungary, Romania, and Austria.
  • Declines were recorded in Spain, Germany, and Belgium.

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