Eurozone construction activity picks up pace

December 18, 2014 10:34 AM

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Construction across the 18 countries that share the euro rose in October at the fastest pace this year, a tentative indication that households and businesses may be becoming less reluctant to invest.

The European Union's statistics agency said Thursday that construction rose by 1.3% from September, the largest month-to-month increase since December 2013. Output was up 1.4% from October 2013.

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