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22nd Aug 2024 00:00EurozoneDaily Monitor

  • Construction output jumped in June but still fell over the second quarter as a whole… 
  • ...This is consistent with a drop in construction capex, which accounts for nearly half of investment in GDP. 
  • The outlook for the sector is bleak; it will remain a drag on growth for the rest of this year.

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Keywords for: 22 August 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence