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February marks impressive growth in the Eurozone construction sector

February marks impressive growth in the Eurozone construction sector

Posted on April 22, 2024   |  

Construction activity in the Eurozone saw a significant upturn in February compared to the previous month.

Both the Eurozone and the wider bloc experienced a 1.8% increase in seasonally adjusted construction production during February.

January's figures showed a slight 0.2% rise in Eurozone production, contrasting with a 1.2% decline in the EU.

The rise in February was driven primarily by civil engineering, which recorded a notable 4.1% increase in the Eurozone, while buildings and specialized construction activities also showed growth.

Germany, the largest economy in the EU, reported a substantial 7.9% surge in construction output for February.

However, France saw a 2.1% decline, and Spain's increase was marginal at 0.4%, contrasting with the overall positive trend in Eurozone construction.