European construction output sees July rebound

European construction output sees July rebound
20 September 2011

European construction output rebounded in July from the biggest drop in six months, led by increasing production in Germany.

Construction in the 17-nation euro region advanced 1.4 per cent from June, when it declined a revised 1.3 per cent, the European Union’s statistics office in Luxembourg said today. That’s the biggest gain since January. From a year earlier, July output rose 1.2 per cent after slumping 11.5 per cent in June.

In Germany, Europe’s largest economy, July construction output gained 3.2 percent from the previous month, when it decreased 3.7 per cent, the report showed. French production slipped 0.1 per cent in July, the third straight decline, while the Netherlands reported a drop of 0.7 per cent in the latest month.

In the 27-member EU, output advanced 0.3 per cent from June, when it fell 1.1 per cent. The statistics office had previously reported a drop among euro-region states of 1.8 percent in June. It didn’t provide monthly data for countries including Greece, Ireland, Spain, Italy, Belgium and Austria.
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