Eurozone Construction Output Sees Modest Growth

In a recent report released by Eurostat, the statistical office of the European Commission, the Eurozone's construction output experienced a slight increase of 0.2% in January. This growth highlights the sector's resilience amidst fluctuating economic conditions.

Contrasting Trends in the European Union

While the Eurozone saw a rise, the broader European Union faced a 0.2% decline in construction output during the same period. However, on an annual basis, the EU witnessed a 0.2% increase in construction activity, with the Eurozone's output remaining stable.

Sector-Specific Performance

Delving deeper into the data, building construction within the Eurozone led the growth with a 0.9% increase. Conversely, civil engineering and specialized construction activities experienced declines of 1% and 0.1%, respectively. Annually, building construction and civil engineering saw increases of 1.8% and 0.9%, while specialized construction activities slightly decreased by 0.3%.