December 6, 2022

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Eurozone April construction output -2.2% vs +2.7% m/m prior

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Latest data released by Eurostat – 17 June 2021

  • Prior +2.7%; revised to +4.1%
  • Construction output +42.3% y/y
  • Prior +18.3%; revised to +20.0%

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There is still some slack evident in construction activity in the region, with civil engineering work falling 6.1% and building construction down 1.0% in April relative to March. That said, this is capturing a lagging period (two months ago) so I wouldn’t look much into it.

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