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Construction spending up modestly in Europe

BRUSSELS, Sept. 18 (UPI) -- Construction spending rose by 0.3 percent in the eurozone from June to July, the European Union's statistical office Eurostat said Wednesday.

Spending on construction projects rose 0.7 percent in the 28-member European Union.

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July data was unavailable from Belgium, Croatia, Denmark, Estonia, Ireland, Greece, Cyprus, Latvia, Lithuania, Luxembourg, Malta, and Austria.

Data from Finland and Italy is marked confidential.

Of the 14 reporting countries, Sweden reported the largest decline with spending on construction off 4.1 percent. Declines of 1.6 percent were reported by Spain and Hungary.

The largest gains were in Romania, where spending rose 8.6 percent and Portugal, Poland and the Czech Republic with gains of 5.1 percent, 5 percent and 4.9 percent, respectively.

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