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Eurozone May construction output falls
Eurozone construction output fell 0.3 percent month-on-month in May, following a 1 percent rise in April, Eurostat reported Wednesday.
On a yearly basis, construction output declined 5.1 percent, but slower than the 6.8 percent drop seen in April.
Building construction decreased 0.6 percent on month after rising 0.5 percent in the prior month. At the same time, growth in civil engineering slowed sharply to 0.1 percent from 4.3 percent.
In the EU27, production in the construction sector dropped 0.2 percent month-on-month and by 5.1 percent annually.
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