Latest data released by Eurostat - 19 November 2020
- Prior +2.6%; revised to +3.9%
- Construction output -2.5% y/y
- Prior -0.9%; revised to +0.4%
The drop in construction output at the end of Q3 follows a sharp jump in August, led by a jump in building activity at the time so that has been scaled back. In any case, the data here is a lagging one since this pertains to Q3 and the market is no longer focused on that.
