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28 Jul
13:58

Factors combine to finally halt EU construction: Eurofer

The sustained increase in construction material prices, coupled with labour shortages in certain EU countries and growing economic uncertainty, has finally impacted the positive trend in construction output observed since the fourth quarter of 2020, says Eurofer. In Q4 2022, EU output recorded its first decline since then, by 0.1%, while it was nearly flat, at 0.1% growth, in Q1 2023. Gross fixed investment in construction dropped in Q1 by 0.4% on-year after eigh…
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