Eurozone construction output significantly beats market estimates in January.
- The seasonally adjusted production in the construction sector in the Eurozone jumped by 3.9% month-on-month in January. In the entire European Union, output also rose by 3.9%.
- On an annual basis, construction output in January rose 4.1%. In December, production increased by 0.2% annually.
- Building construction in the euro area rose 4.2% compared to December as civil engineering rose by 1.4%. In the EU, building construction and civil engineering increased by 3.9% and 1.4%, respectively.
- Member states that reported the largest increases in construction production in January were Poland, 19%, Germany, 10.1%, and Romania, 8.3%, as Hungary, Belgium, and the Netherlands posted the largest declines.
Year-over-year, building construction and civil engineering in the euro area in January jumped 3.5% and 6.6%, respectively. In the EU, the increase was 4.3% for building construction and 6.1% for civil engineering.
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