A measure of construction output and activity in the Euro Zone. Increased construction suggests a growing economy as expensive construction outlays reflect consumer and business optimism. The index is commonly used as a business cycle indicator, as the housing market is closely tied to changes in economic growth. There are two headline figures. The current month's figure adjusted for economic fluctuations that occur throughout the year. And the annualized figured including the full year's data.

Relevance: Rarely affects markets
Release schedule : Quarterly, but member countries are free to release individual data on a monthly basis as well
Source of report : Eurostat
Web Address : http://ec.europa.eu/comm/eurostat
Address of release : http://ec.europa.eu/comm/eurostat
Refer Themes - Industry, Trade and Services > Data tab > Industry and construction > Business trends: Construction
AKA : Construction Output

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