Euro area construction sector grows sequentially in June
Source: FxWire Pro - Commentary / 20 Aug 2018 17:01:05 America/New_York
Euro area’s seasonally adjusted construction sector output rose 0.2 percent sequentially in June, showed the first estimate from Eurostat. Production in construction had grown 0.3 percent in May. On a year-on-year basis, production in construction rose 2.6 percent in the euro area.
The sequential 0.2 percent in construction output was mainly driven by civil engineering, which rose 0.3 percent, and building construction, which grew 0.1 percent in a sequential basis. Among member states, Slovakia and France recorded the highest rises in construction output, whereas Germany and Slovenia recorded the largest decrease in euro area. The annual 2.6 percent rise in construction production was driven by civil engineering that grew 3.7 percent, and building construction grew 2.1 percent.
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