The IHS Markit Eurozone Construction PMI dropped to 15.1 in April 2020 from 33.5 in the previous month, signalling the fastest rate of contraction in the sector in the over 20-year survey history. Work undertaken on commercial construction projects contracted at a severe pace and civil engineering activity dropped the most on record. Delivery times lengthened to the greatest extent in the series history, due to transport issues, customs restrictions, and supply shortages at distributors as key factors for delivery delays. On the price front, cost burden inflation faced by eurozone construction firms slowed to over four-year low. Finally, business sentiment remained pessimistic amid concerns over the economic impact of the COVID-19 pandemic on construction activity. Among the bloc's largest economies, Italy and France recorded extreme contractions in construction output, while Germany registered a far slower decline but one that was still marked overall.
Construction Pmi in the Euro Area averaged 48.88 points from 2013 until 2020, reaching an all time high of 57 points in January of 2018 and a record low of 15.10 points in April of 2020. This page provides - Euro Area Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Construction Pmi - values, historical data and charts - was last updated on May of 2020. source: Markit Economics
Construction Pmi in Euro Area is expected to be 41.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Pmi in Euro Area to stand at 51.00 in 12 months time. In the long-term, the Euro Area Construction Pmi is projected to trend around 52.00 points in 2021 and 53.80 points in 2022, according to our econometric models.