Construction output in the Euro Area contracted 2.3 percent from a year earlier in December 2020, a fourth consecutive month of decline, as several Member States reimposed or extended lockdown measures to curb the spread of COVID-19. Building activity dropped at a faster pace (-1.8 percent vs -1.0 percent in November), while civil engineering works contracted sharply (-3.8 percent vs 1.2 percent). On a monthly basis, construction output fell 3.7 percent, compared to a 2.3 percent advance in November. source: EUROSTAT
Construction Output in the Euro Area averaged -0.45 percent from 1996 until 2020, reaching an all time high of 18.50 percent in February of 2000 and a record low of -30.70 percent in April of 2020. This page provides the latest reported value for - Euro Area Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Construction Output in Euro Area is expected to be 2.50 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 5.10 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 2.40 percent in 2022, according to our econometric models.