Economic Calendar
Eurozone Construction Output Contracts in September
Eurozone construction output fell 0.3% year-over-year in September 2025, reversing an upwardly revised 1.0% growth in August and marking the steepest contraction since March, driven by a sharp drop in building activity (-4.1% vs -1.5%). Civil engineering rose 2.0%, slower than August’s 3.3% increase, while specialized construction advanced 0.9%, down from 1.9%. Among major economies, output fell in Germany (-2.2% vs -1.9%), France (-1.9% vs -1.3%), and Spain (-4.8% vs 7.2%), while Italy recorded growth of 4.4% (up from 3.5%). On a monthly basis, construction output declined 0.5% in September, marking the second consecutive month of contraction.




