The IHS Markit Eurozone Construction PMI fell to 44.9 in October 2020, from 47.5 in previous month, signaling an eighth consecutive monthly decline in output. Activity dropped across all three monitored construction sectors, with the sharpest fall seen in civil engineering, followed by the commercial sector. Overall new orders received by firms decreased at the fastest rate since June, amid a reluctance among clients to take projects to tender were common, particularly in France and Germany. In addition, employment continued to shrink, with the latest reduction being the sharpest for five months. On the price front, input cost inflation slowed from September. Looking ahead, companies were increasingly pessimistic regarding the year-ahead outlook for activity. source: Markit Economics
Construction Pmi in the Euro Area averaged 48.70 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 November of 2020.
Construction Pmi in Euro Area is expected to be 50.10 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 53.40 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.