Latest data released by Eurostat - 19 March 2018
- Prior €23.8 bn; revised to €22.3 bn
- Non-seasonally adjusted €3.3 bn vs € 23.8 bn prior; revised to €25.4 bn
- Construction output m/m -2.2% vs +0.1% prior; revised to +0.7%
- Construction output y/y +3.7% vs +0.5% prior; revised to +1.4%
Not the most critical of numbers as mentioned, since we had the two major nations in France and Germany reporting earlier last week.
Construction output was poor compared to December, but against the same period of last year it is faring better. Nothing more than sentiment from this data point.
Meanwhile, slight dollar weakness across the board sees EUR/USD jump up to 1.2290, while EUR/GBP continues to slide now down to 0.8780 as cable breaks 1.4000 momentarily. Meanwhile, EUR/CHF is at 1.1714.
