The IHS Markit Eurozone Construction PMI was unchanged at 50.3 in June 2021, indicating a marginal expansion in construction activity. House building remained the only monitored sub-sector to signal growth, with further declines recorded for both commercial and civil engineering work. New business received by eurozone construction companies rose for the second successive month, helped by new public sector work amid government support for construction. Meanwhile, average cost burdens faced by constructors rose at record pace, while disruptions to supply chains intensified, with a new record lengthening in supplier delivery times. Looking ahead, business confidence was the strongest since June 2019. source: Markit Economics
Construction PMI in the Euro Area averaged 48.61 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 July of 2021.
Construction PMI in Euro Area is expected to be 54.90 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 54.00 points in 2022 and 53.80 points in 2023, according to our econometric models.