Economic Buzz: Eurozone Construction Output Advances In April

Eurozone construction output recovered 1.8 percent month-over-month in April, reversing a revised 0.2 percent drop in March, data from Eurostat showed Tuesday. Moreover, this was the sharpest rate of growth since February 2017, when output had risen 5.7 percent. Output of civil engineering activity grew 4.0 percent over the month and building output gained by 1.0 percent. On a yearly basis, growth in construction output accelerated to 1.8 percent in April from 1.2 percent in the prior month, which was revised up from 0.8 percent reported earlier.