Latest data released by Eurostat - 16 December 2020
- Prior -2.9%; revised to -2.7%
- Construction output -1.4% y/y
- Prior -2.5%; revised to -2.3%
Construction activity is seen improving to start Q4 and while November may pose a bit of a challenge, the latest PMI readings today suggest that December is less pessimistic than anticipated initially. Either way, this is a lagging report.
