Construction output in the Euro Area contracted 5.8 percent year-on-year in February of 2021, following an upwardly revised 2.6 percent drop in January. It was the 6th consecutive month of falling construction output and the most since May 2020 as coronavirus infections continued to rise and countries were under tight restrictions. Civil engineering declined 10.4 percent (vs 5.7 percent January) and building activity fell 4.8 percent (vs -1.6 percent). On a monthly basis, construction output was down 2.1 percent, after a 0.8 percent gain in the previous month. source: EUROSTAT
Construction Output in the Euro Area averaged -0.47 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 May of 2021.
Construction Output in Euro Area is expected to be 16.20 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 3.60 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.