Latest data released by Eurostat - 17 March 2021
- Prior -3.7%; revised to -1.5%
- Construction output -1.9% y/y
- Prior -2.3%; revised to 0.0%
Eurozone construction output improved to start the year, owing to a rebound in both building and civil engineering activity. In any case, this is a relatively minor data point as the market is more focused on the euro area outlook at this point in time.
