Eurozone construction falters in August

The Eurozone’s construction sector faltered in August, official figures showed on Monday, weighed down by weakness in civil engineering.

Residential construction in Helsinki, Finland

Source: Sharecast

According to first estimates from Eurostat, the European Union’s statistical office, production in construction eased 0.1% in August, and by 0.9% in the wider bloc.

That compares to growth of 0.5% in July in the Eurozone, and an upwardly revised 0.9% uplift in the EU.

Among individual sectors, specialised construction activities posted a 0.1% uptick in production, while construction of buildings softened by 0.1%. However, production fell 1.3% in civil engineering.

Among member states, Germany reported a 0.6% increase in production, building on July’s 0.1% uptick.

Spain and France also saw improvements. In Spain, production rose 0.3% compared to July’s 2.6% slide, while in France it rose 1.2%, against the previous month’s 0.5% rise.

However, in Italy construction output fell 1.6%, reversing July’s 0.7% gain.

Year-on-year, production in construction increased by 0.1% in the Eurozone in August and was unchanged in the EU.

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