(CEP News) Frankfurt - Output in the euro zone construction sector recovered in January, Eurostat reported.
According to Eurostat, euro zone construction output rebounded 1.3% from December to January following the previous period's 2.8% decline.
Building construction managed a modest 0.1% rise in January following December's 2.6% decline. Meanwhile, civil engineering rebounded 5.1% from December after slipping 2.7% previously.
On an annualized basis, output in the construction sector fell 9.1%, up from December's 13.0% contraction. Meanwhile, December's figure was revised from an initial estimate of -10.1%.
Written by CEP News European Staff, firstname.lastname@example.org, edited by Stephen Huebl, email@example.com