• Eurozone May construction output falls

Market news

17 July 2013

Eurozone May construction output falls

Eurozone construction output fell 0.3 percent month-on-month in May, following a 1 percent rise in April, Eurostat reported Wednesday.

On a yearly basis, construction output declined 5.1 percent, but slower than the 6.8 percent drop seen in April.

Building construction decreased 0.6 percent on month after rising 0.5 percent in the prior month. At the same time, growth in civil engineering slowed sharply to 0.1 percent from 4.3 percent.

In the EU27, production in the construction sector dropped 0.2 percent month-on-month and by 5.1 percent annually.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.