EU Construction spending drops 0.9% in November
This comes following weak news in general coming from Europe. Via Eurostat:
In the construction sector, seasonally adjusted production fell by 0.9% in the euro area and by 0.4% in the EU27 in November 2010, compared with the previous month. In October, production increased by 0.3% and 0.6% respectively.
Compared with November 2009, output in November 2010 dropped by 6.8% in the euro area and by 1.7% in the EU27.