Euro area construction output slipped in April
Construction output in the euro area dropped by 0.2% month-on-month in April, following a fall of 0.7% in February and a slide of 1.0% in March, according to Eurostat.
Building construction was weakest, shrinking by 0.4% versus March, while output from civil engineering bounced back 0.9% after a 1.7% drop in the month before.
Among the Eurozone's largest economies, output was 1.7% lower in Germany and off by 2.4% in Spain.
However, in France it rose by 0.7% and in Italy by another 2.5%.
In Netherlands output from the sector rose by 0.3%.
Versus a year ago construction output in the Eurozone fell by 0.4% after rising by 0.5% in March.
"The huge revisions to these data means that it is too early to say anything about quarter-on-quarter growth in Q2. But we think output will be flat or even fall slightly following surging growth in Q4 and Q1. Assuming a 1.5% rise year-over-year would still require production to decline 0.5% in the second quarter," Pantheon Macroeconomics said in a research note sent to clients.