The IHS Markit Eurozone Construction PMI edged down to 52.9 in December 2021 from 53.3 in the previous month, suggesting the rate of expansion remained solid overall and extending the current period of growth to three months. House building activity grew for the 10th consecutive month and commercial building activity rose for a third month, while civil engineering works declined for a 29th successive month. New orders placed with eurozone construction companies expanded at the fastest pace since February 2019 and purchasing activity rose the most for seven months, while the rate of job creation eased to a four-month low and vendor performance worsened markedly. On the price front, input cost inflation softened in December, though remained among the steepest seen since the start of the survey. source: Markit Economics

Construction PMI in the Euro Area averaged 48.76 points from 2013 until 2021, 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 January of 2022.

Construction PMI in Euro Area is expected to be 52.90 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 54.00 points in 2023 and 53.80 points in 2024, according to our econometric models.

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Euro Area Construction PMI


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
52.90 53.30 57.00 15.10 2013 - 2021 points Monthly
SA

Related Last Previous Unit Reference
Construction PMI 52.90 53.30 points Dec/21


News Stream
Eurozone Construction Activity Continues to Rise
The IHS Markit Eurozone Construction PMI edged down to 52.9 in December 2021 from 53.3 in the previous month, suggesting the rate of expansion remained solid overall and extending the current period of growth to three months. House building activity grew for the 10th consecutive month and commercial building activity rose for a third month, while civil engineering works declined for a 29th successive month. New orders placed with eurozone construction companies expanded at the fastest pace since February 2019 and purchasing activity rose the most for seven months, while the rate of job creation eased to a four-month low and vendor performance worsened markedly. On the price front, input cost inflation softened in December, though remained among the steepest seen since the start of the survey.
2022-01-06
Eurozone Construction Output Rises the Most in Near 4 Years
The IHS Markit Eurozone Construction PMI increased to 53.3 in November of 2021 from 51.2 in October, pointing to the strongest growth in the construction sector since February of 2018 amid strengthening demand. Sub-sector data showed a sustained rise in home building activity (the strongest since January 2018), as well as a second successive rise in commercial construction. Civil engineering work continued to fall, although at a softer pace. Construction firms expanded their workforce for the sixth successive month and at the highest rate since February 2020 but severe supply chain delays kept input cost inflation elevated and close to a record high. Also, business confidence eased to a 7-month low but firms were still confident that activity will increase over the next year.
2021-12-06
Euro Area Construction Activity Returns to Growth
The IHS Markit Eurozone Construction PMI rose to 51.2 in October 2021 from 50 in the previous month, indicating a modest expansion in construction activity. The increase was the first recorded since June and the sharpest since the onset of the COVID-19 pandemic. Growth was commonly linked to stronger demand and increasing workloads. House building remained the strongest monitored sub-sector in the eurozone, though there was also a renewed rise in commercial construction in the latest survey period. Civil engineering work remained in contraction territory, however. Overall new orders slowed while the pace of job creation was the quickest since February 2020. On the price front, the rate of cost inflation accelerated for the first time in three months and was close to record highs. Finally, business sentiment eased to a six-month low.
2021-11-05