The S&P Global Eurozone Construction PMI posted 45.7 in July, down from 47.0 in June, to signal a third successive monthly reduction in overall construction activity across the eurozone. Furthermore, the rate of contraction was the steepest seen since February 2021. Underling data showed that the decline in the headline index was largely driven by a faster drop in commercial construction activity; as fractionally softer, but still marked, falls in activity were signalled for residential and civil engineering. Home building in the eurozone decreased for the third consecutive month in July. The rate of contraction was little changed from June and sharp overall. Work undertaken on commercial construction projects fell for the fourth month running during July. The rate of decrease was sharp, and the fastest seen since February 2021. Civil engineering activity across the eurozone decreased at a softer, albeit still sharp rate during July. source: Markit Economics
Construction PMI in the Euro Area averaged 48.91 points from 2013 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Construction PMI in Euro Area is expected to be 51.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Construction PMI is projected to trend around 54.20 points in 2023 and 53.60 points in 2024, according to our econometric models.