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 public sectors. The indicator is based on figures adjusted according to a calendar.
The data are used to evaluate the real estate market and investment activity in the euro area.
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.