Eurozone construction output declined at the fastest pace in nearly two-and-a-half years in May after recovering sharply in the previous month, first estimates from Eurostat revealed on Friday.
Production in construction declined 1.7 percent on a monthly basis in May, reversing an upwardly revised 4.3 percent growth in April.
Moreover, this was the quickest downturn since December 2022, when output had fallen 2.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.