Construction output in the Euro Area rose 6.3 percent from a year earlier in March 2019, easing from an upwardly revised 7.6 percent growth in the previous month and easily beating market expectations of 1.8 percent. Building activity was up 5.4 percent, compared to 6.6 percent in February; and civil engineering work advanced 11.2 percent, also slower than 13.4 percent. On a monthly basis, construction output fell 0.3 percent in March, after a 3 percent jump in February. Construction Output in the Euro Area averaged -0.29 percent from 1996 until 2019, reaching an all time high of 18.40 percent in February of 2000 and a record low of -22.60 percent in February of 1996.
Construction Output in Euro Area is expected to be 1.80 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 1.50 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 2.20 percent in 2020, according to our econometric models.