Eurozone March construction output -0.3% vs +3.0% m/m prior
Latest data released by Eurostat - 17 May 2019
- Prior +3.0%
- Construction output +6.3% y/y
- Prior +5.2%; revised to +7.6%
Construction output fell a little in March after strong activity seen in February, but the annual estimate tells the story that it has been one of the brighter spots in the region's economy to start the year.
Nonetheless, this pertains to Q1 data so this is very much a lagging data point. EUR/USD continues to hold steady at 1.1177 currently, trapped in a narrow range still.