Construction output in the Euro Area jumped 42.3 percent in April 2021, following an upwardly revised 20 percent rise in March, largely due to a low base year effect as construction activity shrank at a record pace a year ago when the effects of the pandemic crisis started to be felt. That was the strongest increase in construction output since available records began in January of 1996, as building activity climbed by 43.7 percent and civil engineering works jumped by 30.4 percent. On a monthly basis, construction output declined 2.2 percent, after an upwardly revised 4 percent rise in the previous month. source: EUROSTAT
Construction Output in the Euro Area averaged -0.27 percent from 1996 until 2021, reaching an all time high of 42.30 percent in April of 2021 and a record low of -30.80 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 June of 2021.
Construction Output in Euro Area is expected to be 16.20 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 3.60 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 3.80 percent in 2022 and 2.40 percent in 2023, according to our econometric models.