Eurozone February construction output +3.0% vs -1.4% m/m prior
Latest data released by Eurostat - 16 April 2019
- Prior -1.4%; revised to -0.8%
- Construction output +5.2% y/y
- Prior -0.7%; revised to -0.1%
A solid bounce in construction activity with positive revisions to boot. That said, a lot of this sentiment is very much factored in during the individual country releases as noted here for Germany. Nonetheless, positive data is positive so this will do little to harm recent sentiment that there are still some green shoots in the Eurozone economy.