Eurozone Construction Output Rebounds In October
(RTTNews) - Eurozone construction output increased in October after falling in the previous month, figures from Eurostat showed Thursday.
Construction output climbed a seasonally adjusted 0.5 percent month-over-month in October, reversing a 0.7 percent decrease in September, which was revised from a 0.4 percent drop. In August, output had risen the same 0.5 percent.
On an annual basis, construction output rose 1.1 percent in October, much faster than the 0.1 percent slight gain in the preceding month, revised down from 1.8 percent. It was the second successive monthly hike.
In the EU 28, construction output advanced 1.2 percent annually and by 0.1 percent monthly in October.
Among member states, the largest monthly rises in production in construction were recorded in Slovakia, Spain ,Sweden and Romania, while the highest decreases were observed in Hungary, Poland and the Czech Republic.