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Euro area construction output falls sequentially in August
Euro area’s construction output dropped in the month of August. On a seasonally adjusted basis, production in the construction sector dropped 0.5 percent, showed the estimates from Eurostat. In the prior month, construction output had dropped 0.2 percent. On a year-on-year basis, the production in construction rose 1.2 percent.
Sequentially, the fall in the headline figure was driven by fall in civil engineering and building construction. Civil engineering recorded a fall of 1.3 percent, whereas building construction saw a fall of 0.2 percent. Among member states, Slovenia recorded the largest fall in production in construction, whereas Portugal saw the highest rises.
On a year-on-year basis, building construction saw a rise of 1.6 percent, whereas civil engineering saw a rise of 0.9 percent. Within member states Slovenia and Slovakia saw the largest decreases in construction output.