Economic Buzz: Eurozone construction output gains for first time in three months

Eurozone construction output gained for the first time in three months in October, Eurostat reported today. Construction production saw a monthly increase of 0.9 percent, reversing a 0.6 percent drop in September. This was also the strongest increase in six months. Detailed data showed that Civil engineering activity jumped by 1.7 percent, and specialized construction activities advanced by 0.8 percent. On a yearly basis, Eurozone construction output rose 0.5 percent following the 0.4 percent decrease in September.

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