Eurozone construction improves

Construction production in the Eurozone recovered slightly in August, according to data released by Eurostat yesterday, but output was still well down on 2011. Seasonally adjusted production in the construction industry rose 0.7 per cent between July and August, the data showed, but this left output some 5.5 per cent below the same month a year before. And production was almost a quarter lower than at its peak at the very start of 2007.