Construction output in the Euro Area rose 1.4 percent from a year earlier in November of 2019, following an upwardly revised 0.9 percent gain in the previous month but missing market expectations of a 1.9 percent increase. Building activity went up 1.4 percent, after a 0.8 percent rise in October while civil engineering works advanced 0.5 percent, slowing from a 0.9 percent gain in the prior month. Among Eurozone's largest economies, output rebounded in France (1.4 percent vs -1.4 percent) and rose further in Germany (4.8 percent vs 2.6 percent); while construction production shrank at a faster pace in Spain (-3 percent vs -0.8 percent).
Construction Output in the Euro Area averaged -0.24 percent from 1996 until 2019, 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. 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. source: Eurostat
Construction Output in Euro Area is expected to be -0.70 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 1.60 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 2.20 percent in 2021, according to our econometric models.