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Euro-Area Construction Falls Most in 6 Months Led by Germany

Euro-area construction output fell the most in six months in October led by declines in Germany, France and Slovenia.

Construction in the 17-nation euro area decreased 1.6 percent from September, when it dropped 1.3 percent, the European Union’s statistics office in Luxembourg said today. That's the largest drop since April. From a year earlier, construction output declined 4.1 percent in October.

In Germany, Europe’s largest economy, October construction decreased 5.3 percent from September, according to today’s report. France saw a 1.1 percent drop, while output in Slovenia plunged 21.1 percent. Construction increased 1.9 percent in Italy and rose 0.5 percent in Spain. Ireland and Greece are not required to provide monthly data.

The euro was higher against the dollar, trading at $1.3278 at 11:05 a.m. in Brussels, up 0.4 percent on the day.

In the 27-nation EU, construction increased 1.6 percent from September, when it fell 1.6 percent, according to the report.

---With assistance from Harumi Ichikura in London. Editors: Jones Hayden, Andrew Clapham

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