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. source: Markit Economics

Construction PMI in the Euro Area averaged 48.67 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 December of 2021.

Construction PMI in Euro Area is expected to be 52.00 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 2022 and 53.80 points in 2023, according to our econometric models.

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Euro Area Construction PMI


Related Last Previous Unit Reference
Construction PMI 51.20 50.00 points Oct/21

News Stream
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
Eurozone Construction Activity Stabilizes
The IHS Markit Eurozone Construction PMI rose to 50.0 in September 2021, from 49.5 in the previous month, signaling a stabilization in eurozone construction activity following two successive months of decline. Home building activity rose for a seventh consecutive month amid stronger demand growth, while commercial construction work fell at the softest pace in the current 19-month sequence of decline. At the same time, the fall in infrastructure activity remained sharp. Overall new orders expanded for the second successive month and the rate of job creation quickened to the fastest since February 2020. On the price front, input cost inflation remained high, on the back of higher raw material prices due to widespread shortages of items among suppliers. Finally, business sentiment strengthened in September.
2021-10-06
Eurozone Construction Activity Falls Further
The IHS Markit Eurozone Construction PMI edged down to 49.5 in August 2021 from 49.8 in the previous month, signaling a second successive decline in activity amid raw material and labor shortages. Construction activity declined sharply in France and Germany, while output in Italy rose at a record pace. Commercial building activity fell for the eighteenth consecutive month, with the rate of decline quickening to the sharpest since April, while civil engineering works decreased for the 25th month running. Meanwhile, home building activity grew for a sixth straight month, at the fastest pace since May. Overall new orders returned to growth, while vendor performance worsened markedly. On the price front, the rate of input cost inflation softened from July's series record, though remained among the steepest seen since aggregate data became available in January 2000. Finally, business sentiment fell to a three-month low.
2021-09-06

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.