NewzSpain's construction sector experienced a significant contraction in July, marking seven consecutive months of year-on-year declines. According to data released by the National Statistics Institute (INE), overall sector production fell by 9.8% compared to the same month in the previous year.
The downturn was heavily driven by the building subsector, which suffered a severe collapse of 35.2% over the annual period. The persistent negative trend highlights a prolonged loss of momentum and ongoing contraction within the Spanish construction industry.
In-depth summary · AI, neutral