Eurozone Construction Output Contracts In August

Eurozone construction output contracted in August, data from Eurostat showed on Wednesday.

Construction output shrank 1.1 percent on a monthly basis in August, offsetting the 1.0 percent gain in July.

Civil engineering posted a notable 2.1 percent decrease, while building construction was down only by 0.7 percent.

On a yearly basis, production in the construction sector slid 0.1 percent, in contrast to the 1.2 percent increase in July.

Construction output in the EU27 fell 0.7 percent on a monthly basis in August but it grew 0.2 percent from the same period last year.