Euro-Region Construction Output Fell for Second Month in July

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Euro-area construction output fell for a second month in July, led by declines from Spain to the Netherlands, suggesting the industry’s slump extended into the third quarter.

Construction in the 17-nation euro area slipped 0.3 percent from June, when it dropped a revised 0.6 percent, the European Union’s statistics office in Luxembourg said today. From a year earlier, construction output declined 4.7 percent.