Eurozone construction output rebounds in June after three-month decline

LONDON (ICIS)–Construction output in the eurozone rebounded in June after declining for three months, official data showed on Tuesday.

Seasonally adjusted production in construction rose by 1.7% from May and was also higher, by 1.4%, in the EU.

Eurozone output had been on a downward trend since March, with the EU following a similar track, though with a marginal, near flat 0.1% rise in April.

Building construction, civil engineering and specialized construction activities all increased in June from the previous month in both the eurozone and EU, according to statistics agency Eurostat.

On a year-on-year basis, June construction output in the eurozone was 1.0% higher in the eurozone and 0.1% lower in the EU.

Numerous petrochemicals and specialty chemicals are key ingredients in products used for modern construction, including adhesives, ad-mixtures, sealants, coatings, paints, flooring, insulation and water proofing.