Eurozone construction output increased in March, after declining in the previous month, data from Eurostat showed Wednesday.
Construction output rose 0.8 percent month-over-month in March, reversing a 1.6 percent decrease in February, which was revised from a 1.8 percent drop reported earlier.
Within construction, civil engineering output grew 3.2 percent in March, in contrast to 2.2 percent drop in the preceding month. Output in the building sector also registered an increase of 0.3 percent in March after falling 1.4 percent in February.
On an annual basis, construction output fell at a slower pace of 2.7 percent in March, following a 3.5 percent drop in the preceding month, revised from a 3.7 percent decline. It was the second month of decrease in a row.
In the EU28, construction output expanded 1.8 percent monthly and dipped 1.3 percent yearly in March.
Among member states, the highest monthly increases in production in construction were observed in Hungary, Romania and the United Kingdom, while biggest decreases were logged in Spain and Bulgaria.
The material has been provided by InstaForex Company – www.instaforex.com