Eurozone construction output decreased for the third straight month in April, Eurostat reported Monday.
Construction output dropped 0.2 percent month-on-month in April after falling 1 percent in March and 0.7 percent in February. This was the third consecutive month of decline.
Production in building decreased 0.4 percent, while civil engineering grew 0.9 percent.
On a yearly basis, construction output slid 0.4 percent, in contrast to March’s 0.5 percent increase.
In the EU28, construction output grew 0.4 percent from March and it declined 1.5 percent from last year.
The material has been provided by InstaForex Company – www.instaforex.com