Eurozone May construction output +27.9% vs -14.6% m/m prior
Latest data released by Eurostat - 17 July 2020
- Prior -14.6%; revised to -18.3%
- Construction output -11.9% y/y
- Prior -28.4%; revised to -31.0%
Construction activity rebounded in May amid the easing of lockdown restrictions in the region but are still largely subdued as compared to conditions seen a year ago. The revised readings also saw the April drop being much steeper than initially reported last month.