Euro-Area Construction Falls Most in Six Months Led by Germany
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. 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.
In the 27-nation EU, output 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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