Eurozone, EU monthly construction output up slightly in August

LONDON (ICIS)–Construction output in the eurozone and EU marginally increased in August from the previous month, according to official data on Friday.

Seasonally adjusted production in construction was up by 0.1% in the eurozone and by 0.4% in the wider EU.

Building and specialized construction activity were higher in both blocs, while civil engineering output was lower, statistics agency Eurostat said in a statement.

Construction activity for July was revised down, with a monthly fall of 0.5% in the eurozone and by 0.3% in the EU. Eurostat had initially reported largely flat output in both.

On a year-on-year basis, August construction output fell by 2.5% the eurozone and by 2.4% 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.