The euro zone released the construction output index for June, where the seasonally adjusted construction output declined by 1.8% more than the previous drop of 1.1% which was revised strongly to the upside to a rise of 0.1%.

Moreover, the working day adjusted annual construction output dropped big time by 11.3% from the previous drop of 1.9% which was revised to the upside to flat, where this drop is mainly supported by the slowing pace of growth in the euro zone in addition to the debt crisis that affected the economy as a whole, after the weak fundamental seen during this week.