Eurozone construction production experienced its most significant growth in nearly two years this November, according to Eurostat's latest figures released on Monday.
In November, construction output increased by 1.2% from the previous month, building on a 0.8% rise in October. This recent growth rate is the fastest since February 2023, when production saw a 1.5% increase.
The surge in output was primarily fueled by a 1.2% rise in specialized construction activities. Civil engineering and building construction also contributed with advancements of 0.5% and 0.3% respectively.
Comparatively, on an annual basis, industrial production saw a 1.4% increase in November, following a stagnant October, marking the first growth in ten months.
In November, construction output across the European Union showed a 1.2% monthly increase and a 0.9% rise year-on-year.
Spain, Bulgaria, and Belgium recorded the highest monthly gains in construction production, while Romania, Poland, and Slovenia registered the most significant declines.
