Eurozone construction output growth jumps to two-year high

(Sharecast News) - Construction output across the eurozone rose at its fastest rate in more than two years in April, according to data out on Thursday from Eurostat. Construction output rose by 1.7% during the month of April, rebounding strongly after a 0.2% decline in March and a 0.6% drop in February.

That was the strongest monthly growth registered since February 2023, as a 0.9% increase in building construction and a 1.7% jump in specialised construction activities offset a 0.2% fall in civil engineering.

Spain registered the strongly month-on-month improvement in overall construction output (+4.3%), following by Slovenia (+4.0%) and Portugal (+3.5%), while Slovenia was the only eurozone nation (for which data was available) to see a decline (-0.4%).

Compared with a year earlier, overall output across the eurozone jumped 3.0% in April, following a 1.3% annual decline in March, marking the strong year-on-year growth rate since December 2023.