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16th Sep 2022 14:31Eurozone, Daily Monitor

  • EZ construction output rose slightly in July, but we doubt this is the beginning of a sustained rebound.
  • Survey data suggest that construction will weaken further in the third quarter, after a soft Q2.
  • Private sector construction will be hit by rising rates; civil engineering should be more resilient.

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capex civil engineering construction construction output energy eu euro euro area EZ construction germany interest rate July labour leading indicators mortgage mortgage rates new orders new orders index pmi pmis ppi public investment q3 spain surveys

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Keywords for: 20 Sept 2022 Eurozone Monitor

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