Latest data released by Eurostat - 17 November 2021
- Prior -1.3%; revised to -1.4%
- Construction output +1.5% y/y
- Prior -1.6%; revised to -2.6%
A lagging data point but shows a modest bounce in construction output towards the end of Q3 but comes after a steeper drop in August. Supply and capacity constraints will keep more pressure on this in the months ahead.