Construction output in the Euro Area increased by 0.9 percent from a year earlier in November 2018, following a downwardly revised 0.6 percent gain in the previous month. Building activity rebounded (0.7 percent compared to -0.1 percent in October) while civil engineering work rose at a softer pace (2.1 percent compared to 2.3 percent). On a monthly basis, construction output went down 0.1 percent, after declining 1.6 percent in October. Construction Output in the Euro Area averaged -0.35 percent from 1996 until 2018, 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 2.60 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 1.90 in 12 months time. In the long-term, the Euro Area Construction Output is projected to trend around 2.10 percent in 2020, according to our econometric models.