European Union Construction Output y/y

Country:
European Union
EUR, Euro
Source:
Sector:
Housing
Low 2.5% 1.7%
2.2%
Last release Importance Actual Forecast
Previous
1.8%
2.5%
Next release Actual Forecast
Previous
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Construction Output y/y shows the volume of production and activity in the construction sector of the euro area for the given month compared to the same month of the previous year. The calculation includes construction in private and civil engineering (such as bridges, public buildings, etc.) sectors. The indicator is based on seasonally adjusted figures. Also, the value is inflationary adjusted. Since the accurate account of construction volumes is rather problematic, the index is measured based on several indicators:

  • Productivity of construction companies (the preferred option, which best reflects construction volumes)
  • Turnover of construction companies (the calculation includes subsidies but does not include VAT)
  • Workforce involvement
  • Construction materials used
  • Administrative data, such as building permits issued

Although the relative share of construction in Europe's economic activity has declined in recent years, construction continues to be of great importance in the Member States' economies. Construction output has a great share in the eurozone's GDP calculation and is used in the preliminary evaluation of eurozone's economic activity, together with the Industrial Production Index. Construction Output data can also be interpreted as a leading indicator of activity in the real estate market.

Indicator growth can be seen as positive for the euro quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "European Union Construction Output y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2018
2.5%
1.7%
2.2%
Jul 2018
2.6%
1.7%
3.0%
Jun 2018
2.6%
1.6%
2.0%
May 2018
1.8%
1.7%
1.2%
Apr 2018
1.8%
2.0%
1.2%
Mar 2018
0.8%
2.2%
0.2%
Feb 2018
0.4%
2.3%
6.9%
Jan 2018
3.7%
1.3%
1.4%
Dec 2017
0.5%
2.7%
2.9%
Nov 2017
2.7%
2.8%
2.2%
Oct 2017
2.0%
1.1%
3.5%
Sep 2017
3.1%
1.1%
1.9%
Aug 2017
1.6%
1.0%
2.8%
Jul 2017
3.4%
0.9%
4.3%
Jun 2017
3.4%
0.7%
2.7%
May 2017
2.6%
0.6%
3.3%
Apr 2017
3.2%
0.5%
3.8%
Mar 2017
3.6%
0.7%
5.5%
Feb 2017
7.1%
-5.1%
Jan 2017
-6.2%
3.0%
Dec 2016
3.2%
0.6%
Nov 2016
0.0%
1.8%
Oct 2016
2.2%
1.8%
Sep 2016
1.8%
0.9%
Aug 2016
0.9%
3.1%
Jul 2016
3.1%
0.6%
May 2016
-0.8%
-0.4%
Apr 2016
-0.4%
0.5%
Mar 2016
-0.5%
3.4%
Feb 2016
2.5%
6.0%
Jan 2016
6.0%
-0.4%
Dec 2015
-0.4%
2.1%
Nov 2015
2.1%
1.1%
Oct 2015
1.1%
1.8%
Sep 2015
1.8%
-6.0%
Aug 2015
-6.0%
-0.3%
Jul 2015
1.8%
-1.3%
Jun 2015
-2.3%
0.3%
May 2015
0.3%
0.0%
Apr 2015
0.0%
-1.9%
Mar 2015
-2.7%
-3.7%
Feb 2015
-3.7%
3.0%
Jan 2015
3.0%
-3.5%
Dec 2014
-3.5%
2.2%
Nov 2014
0.5%
1.4%
Oct 2014
1.4%
-1.7%
Sep 2014
-2.0%
-0.3%
Aug 2014
-0.3%
0.4%
Jul 2014
0.4%
-2.3%
Jun 2014
-1.1%
3.5%

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