Eurozone construction output, in seasonally adjusted data, declines by 2.4% in March

spain construction sector

Link Securities| According to Eurostat on Monday, in March and compared to February, construction output in the Eurozone, in seasonally adjusted data, fell by 2.4%. In February, construction output had risen by 1.7% in the Eurozone, whereas in March, building construction fell by 2.4% and civil engineering construction by 2.3%.

On a year-on-year basis, construction output decreased by 1.5% in the Eurozone, which compares negatively with the 2.1% increase recorded in February. Also year-on-year civil engineering construction contracted by 2.2% in March, while residential building construction contracted by 1.3%.

By European Union (EU) countries, and at a year-on-year rate, construction output contracted most in Slovakia (-10.3%), Hungary (-9.8%) and the Czech Republic (-6.1%), while the strongest growth was recorded in Slovenia (+28.3%), Romania (+17.7%) and the Netherlands (+4.2%).

In Spain, construction output fell by 0.9% in March compared with February and by 0.5% in March on a year-on-year-year basis.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.