Construction output in the Euro Area tumbled 28.4 percent year-on-year in April of 2020, following an upwardly revised 17.5 percent fall in the previous month. This was the steepest downturn in construction activity since the start of the series in 1996. Building activity declined 29.3 percent, after dropping 17.3 percent in March; and civil engineering works slumped 24.5 percent, following an 18 percent fall in the previous month. Among Eurozone's largest economies, construction output fell in France (-60.6 percent) and Spain (-32.6 percent), but increased in Germany (0.9 percent).
Construction Output in the Euro Area averaged -0.38 percent from 1996 until 2020, reaching an all time high of 18.30 percent in February of 2000 and a record low of -28.40 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 July of 2020. source: Eurostat
Construction Output in Euro Area is expected to be -6.80 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 16.20 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 5.10 percent in 2021 and 2.40 percent in 2022, according to our econometric models.