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.