Construction output in the euro area declined for the fourth consecutive month in February, the latest data from Eurostat shows.
Construction in the euro zone decreased 0.8 per cent from January, when it fell 2.1 per cent, the European Union’s statistics office in Luxembourg said yesterday. The January figure was revised lower from an initial estimate of a 1.4 per cent drop. However, from a year earlier, February construction gained 0.8 per cent.
In Germany, Europe’s biggest economy, construction declined 2.7 per cent in February from the prior month, when it rose 3.1 per cent, yesterday’s report showed. France showed a one per cent increase in the latest month after a four per cent drop in January.
In the 27-nation EU, construction dropped 0.4 per cent from January, when it declined 1.7 per cent, according to the report.