BLBG:Euro-Region Construction Output Fell in January on Spain, Italy
European construction output dropped for a second month in January, as declines in Spain and Italy offset gains in Germany and France.
Construction (EUCPTSAM) in the 17-nation euro region slipped 0.8 percent from December, when it declined a revised 1.9 percent, the European Union’s statistics office in Luxembourg said today. From a year earlier, output fell 1.4 percent.
In Italy and Spain, construction output dropped 7.8 percent and 3.5 percent from the previous month, respectively. In Germany, Europe’s largest economy, output advanced 4.3 percent, while France reported a gain of 0.6 percent. Portugal had an increase of 2.5 percent.
The statistics office had previously reported a monthly gain of 0.3 percent in December. Ireland and Greece are among countries that are not required to provide monthly data.
To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net
To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net
