Construction output in the Euro Area rose by 4.6 percent from a year earlier in September 2018, following a downwardly revised 2.2 percent growth in the previous month. It was the steepest increase in construction output since January, as building activity expansion accelerated to 4.3 percent from 1.7 percent and civil engineering works rose at a faster 4.8 percent, compared to 3.2 percent in August. On a monthly basis, construction output surged by 2 percent in September, reversing a 0.6 percent decline in August. Construction Output in the Euro Area averaged -0.34 percent from 1996 until 2018, reaching an all time high of 18.40 percent in February of 2000 and a record low of -22.60 percent in February of 1996.
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 2.40 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 2.10 percent in 2020, according to our econometric models.