Construction Output on the Rise in the Eurozone

In a recent report by Eurostat, the construction production within the euro area experienced a notable increase of 1.2% in November 2024, compared to the previous month. This growth is a positive sign for the Eurozone's economy, reflecting a steady recovery and resilience in the face of global economic challenges.

EU Construction Sector Also Shows Positive Growth

Similarly, the construction output across the European Union saw an increase of 1.3% month-on-month. When compared to the same period last year, the Eurozone's construction output improved by 1.4%, while the EU saw a 0.9% rise, indicating a gradual but consistent growth trajectory.

Detailed Breakdown of Construction Activities

Breaking down the figures, specialized construction activities led the way with a 1.2% increase month-on-month, followed by civil engineering at 0.5%, and buildings at 0.3%. On an annual basis, civil engineering and specialized construction activities saw increases of 1.3% and 1.1% respectively, while the output in buildings experienced a slight decrease of 0.2%.