Eurozone August construction output -1.3% vs +0.1% m/m prior

Latest data released by Eurostat - 19 October 2021

• Prior +0.1%
• Construction output -1.6% y/y
• Prior +3.3%; revised to +3.5%

Supply and capacity constraints look to be weighing on construction output but that is to be expected already after having gotten to see PMI data much earlier on. This is a lagging release so it isn't telling us anything new.