Economic Calendar

Euro Area Construction Activity Nearly Stalls in August

Eurozone construction output increased 0.1% year-on-year in August 2025, easing from a 0.7% rise in July. Output eased for civil engineering (2.6% vs 3.6% in July) and specialised construction activities (2% vs 2.5%). In addition, production fell faster for construction of buildings (-3.8% vs -2.6). Among the bloc’s largest economies, construction fell in Germany, (-1.1% vs -1.4%), France (-1.3% vs -1.7%), and Spain (-1.4% vs -3.8%), but rose in Italy (4% vs 5.4%). From the previous month, construction output went down 0.1%, after a 0.5% gain in July.

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