In October, the Eurozone saw a significant uptick in construction production, reversing the previous month's decline, as reported by Eurostat on Wednesday. Construction output increased by 1.0 percent from September's 0.3 percent downturn, marking the most substantial growth since February 2023.
The resurgence was predominantly fueled by a 1.6 percent rise in civil engineering activity, supplemented by a 0.7 percent increase in the building sector. Additionally, specialized construction activities experienced a 0.5 percent uplift.
Annually, industrial production experienced a modest recovery of 0.2 percent in October, a turnaround from the 2.0 percent drop observed in September. Across the European Union, construction output similarly rebounded with a 0.7 percent monthly rise, despite an annual decline of 0.8 percent.
Among member countries, the most pronounced monthly increases in construction production occurred in Austria, Hungary, and Portugal, while Romania and Poland recorded the most significant declines.
