Eurozone construction output drops sharply in July

22:57, September 17, 2010      

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Construction output both in the eurozone and the wider European Union (EU) dropped sharply compared with the previous month, EU statistical bureau Eurostat said Friday.

Construction output in the 16-nation eurozone dropped by 3.1 percent in July, compared with a 1.8-percent increase in the previous month.

In July, building construction declined by 3.3 percent in the 16-nation eurozone while civil engineering fell by 1.7 percent.

For the 27-member EU, construction output in July decreased by 2.5 percent month-on-month and fell by 2.3 percent year-on-year.

Among the member states for which data were available, the highest monthly increases were seen in Portugal and Britian, which rose by 5 percent and 4.4 percent, respectively.

The sharpest decreases were seen in Romania and Spain, by 28.3 percent and 10.3 percent, respectively.

The construction output of Germany, the leading economy in the eurozone, increased by 0.9 percent over the previous month.

Source: Xinhua


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