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.

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Euro Area Construction PMI



Related Last Previous Unit Reference
Construction PMI 45.70 47.00 points Jul 2022

Euro Area Construction PMI
Data are collected at mid-month, asking respondents to compare a variety of business conditions with the situation one month ago. A reading of below 50.0 indicates that the economy is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month.
Actual Previous Highest Lowest Dates Unit Frequency
45.70 47.00 57.00 15.10 2013 - 2022 points Monthly
SA

News Stream
Eurozone Construction Activity Falls the Most since February 2021
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.
2022-08-04
Euro Area Construction Activity Contracts Faster
The S&P Global Eurozone Construction PMI fell to 47 in June of 2022 from 49.2 in May, indicating a solid contraction in construction activity that was the strongest since February 2021. The reduction was commonly linked to weaker demand amid acute price pressures and economic uncertainty. House building fell at the sharpest pace since May 2020, when the sector was shuttered by the initial wave of the COVID-19 pandemic. Commercial and civil engineering activity fell at quicker rates, the steepest for 15 and eight months respectively.
2022-07-06
Euro Area Construction Output Shrinks in May
The S&P Global Eurozone Construction PMI fell to 49.2 in May of 2022 from 50.4 in April. The reading pointed to the first contraction in the construction sector in nine months, and the sharpest since February last year, amid higher raw material prices and supply-chain disruptions dampening output and demand. All three monitored sub-sectors posted declines, with house building work falling for the first time since February 2021. Meanwhile, construction firms in the bloc were increasingly pessimistic regarding the outlook for activity over the coming year, with confidence at its lowest level since October 2020.
2022-06-07