Eurozone construction jumps in February

18th Apr 2024 09:43

(Sharecast News) - Eurozone construction sparked in February, official data showed on Thursday, up notably on the previous month.

According to first estimates from Eurostat, the statistical office of the European Union, seasonally-adjusted production in construction increased by 1.8% in February in both the Eurozone and wider bloc.

In January, production nudged ahead just 0.2% in the Eurozone and fell 1.2% in the EU.

Driving the increase in February was civil engineering, which reported a 4.1% increase in the Eurozone. Buildings rose 3.5% and specialised construction activities by 1.7%.

Germany, the EU's biggest economy, reported a 7.9% hike in construction output in February.

In contrast, it fell by 2.1% in France and nudged ahead just 0.4% in Spain.

Data was not available for seven countries, however, including Italy and Ireland.

Year-on-year, construction output fell 0.4% in the Eurozone and by 0.6% in the EU.