European Economic News

Eurozone Construction Output Rises For First Time In 4 Months

Eurozone construction output recovered in December after declining for three consecutive months, Eurostat reported Wednesday.

Production in the construction sector grew 0.9 percent from a month ago, when it was down by 0.2 percent in November.

Building construction grew 0.6 percent, reversing the 0.7 percent drop in November. Civil engineering expanded at a faster pace of 3.8 percent after rising 1.1 percent.

Year-on-year, construction output fell 0.2 percent in December, but slower than the 1.6 percent drop logged in November.

In 2013, average production in construction dropped 2.9 percent from prior year.

by RTTNews Staff Writer

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