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- Eurozone construction output falls in September
Eurozone construction output falls in September
Eurozone's construction output declined in September for the first time in six months, data released by Eurostat showed on Tuesday.
Construction output decreased a seasonally adjusted 1.3 percent from August, when it grew 0.3 percent, which was downwardly revised from 0.5 percent. The latest fall was the first since March.
Year-on-year, construction output dropped a working-day adjusted 0.2 percent in September, following a 1.3 percent slump in August. It was the seventh monthly decline in a row.
In the third quarter, construction output grew 1.9 percent sequentially, same as in the second quarter. Output increased for the second straight quarter. On an annual basis, output declined 1.7 percent in the third quarter, after decreasing 4 percent in the second quarter.
Construction output fell 1.3 percent monthly in the EU 28, after declining 0.2 percent in the previous month. Yearly, output increased 0.2 percent, reversing a 0.2 percent fall in August.
In the third quarter, output increased 2.1 percent sequentially, following a 1.3 gain in the previous three months. The annual fall was 0.6 percent, after a 3.8 percent slump in the previous quarter.
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