Eurozone construction activity rebounds in July

(Sharecast News) - Construction output across the eurozone rebounded slightly in July, according to statistics out on Thursday from Eurostat, bouncing back after two months of solid declines. Seasonally adjusted production in construction increased 0.5% over the single-currency region in July, only partially offsetting the 0.7% contraction in June and the 2.1% slump in May.

Building construction was down 1.4% over the month, but that was outweighed by a 0.5% increase in civil engineering production and a 1.2% jump in specialised construction activities.

For member states where data was available, the highest monthly production growth rates were seen in Slovenia (+9.9%), Belgium (+2.2%) and Austria (+2.0%), while the steepest declines were registered in Spain (-4.5%) and Portugal (-1.5%).

Compared with July 2024, headline construction output growth across the entire eurozone picked up to 3.2%, up from the 1.8% annual increase in June and the fourth straight month of year-on-year improvements.