Economic Buzz: Eurozone Construction Output Declines In February

Eurozone construction output declined 0.5 percent month-on-month, slower than the 0.8 percent decrease in January, Eurostat reported Wednesday. The decline was caused by a 1.7 percent fall in civil engineering, while building gained 0.1 percent. On a yearly basis, growth in construction output eased sharply in February, to 0.4 percent from 6.9 percent in January.