Euro area’s construction output grows in November
Euro area’s construction output grew in the month of November. According to the first estimate of Eurostat, the seasonally adjusted production in the construction sector rose 0.7 percent as compared with the fall of 0.5 percent in October. On a year-on-year basis, construction output rose 1.4 percent.
Sequentially, the rise in construction output was driven by building construction and civil engineering. Building construction rose 1.1 percent sequentially, while civil engineering rose 0.3 percent. Among member states, the highest rises in production in construction were seen in Germany and France, which saw 2.6 percent and 2.5 percent, respectively. Meanwhile, Slovakia and Portugal recorded the largest falls, declining 3.8 percent and 1.4 percent, respectively.
On a year-on-year basis, building construction rose 1.4 percent. Civil engineering recorded a growth of 0.5 percent. Among member states, Germany recorded a rise of 4.8 percent. Meanwhile, Slovakia, Slovenia and Spain saw the largest falls of 9.6 percent, 8.4 percent and 3 percent, respectively.