Construction output in the Euro Area sank 1.9 percent year-on-year in January of 2021, following a revised flat reading in December. It marks the 5th consecutive month of no growth in the construction sector as the coronavirus pandemic and restrictions continue to weigh on the bloc's economy. Civil engineering declined 7.4 percent, after a 3.4 percent drop in the previous month and building activity came back to contraction (-0.4 percent), after a 0.7 percent rise in December. On a monthly basis, construction output increased 0.8 percent. source: EUROSTAT
Construction Output in the Euro Area averaged -0.45 percent from 1996 until 2021, reaching an all time high of 18.50 percent in February of 2000 and a record low of -30.70 percent in April of 2020. This page provides the latest reported value for - Euro Area Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Construction Output in Euro Area is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Euro Area to stand at 5.10 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 3.80 percent in 2022 and 2.40 percent in 2023, according to our econometric models.