Construction output in the Euro Area rose by 13.6 percent year-on-year in May 2021, following a record 45.2 percent expansion in the previous month, reflecting a low base year and the continued economic recovery from the pandemic hit. Building activity climbed 15.0 percent (vs 46.1 percent in April) and civil engineering works grew 7.2 percent (vs 34.4 percent in April). On a monthly basis, construction output advanced 0.9 percent in May, compared to a 0.4 percent contraction in April. source: EUROSTAT
Construction Output in the Euro Area averaged -0.22 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 August of 2021.
Construction Output in Euro Area is expected to be 5.90 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 4.00 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.