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.

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Euro Area Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.30 50.30 57.00 15.10 2013 - 2021 points Monthly
SA


News Stream
Eurozone Construction Activity Remains Stable
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.
2021-07-06
Eurozone Construction Activity Expands Slightly
The IHS Markit Eurozone Construction PMI edged up to 50.3 in May 2021, from 50.1 in April, signaling a third consecutive expansion in activity. Though fractional overall, the rate of growth was the quickest recorded since February 2020. Home building activity growth hit a 15-month high, while commercial building activity and civil engineering works decreased again. The rise in total eurozone construction activity was led by a steep increase at Italian companies, who noted the fastest expansion since January 2007. In addition, France's output returned to growth, while activity in Germany continued to contract. On the price front, input costs rose the most since data became available in January 2000, amid higher raw material prices due to widespread shortages among suppliers. Finally, Eurozone construction firms expressed optimism toward the 12-month outlook for the fifth consecutive month in May.
2021-06-04
Eurozone Construction Activity Grows Fractionally
The IHS Markit Eurozone Construction PMI was unchanged at 50.1 in April 2021, signaling a fractional expansion in the bloc's construction activity for the second successive month. A further rise in home building activity and a softer reduction in commercial construction were offset by a steeper decline in civil engineering works. Among the Eurozone largest economies, German construction output contracted at a faster pace, while activity in France fell only marginally. Italian constructors experienced the strongest pace of expansion since January 2007.
2021-05-06
Euro Area Construction Activity Returns to Growth
The IHS Markit Eurozone Construction PMI increased to 50.1 in March of 2021 from 45 in February, pointing to a small expansion in eurozone construction activity, the first since February 2020, prior to the downturn caused by the coronavirus pandemic. Latest data showed that the return to growth was led by house building activity, which rose for the first time in 13 months. There were also softer declines in both commercial construction and civil engineering activity. New orders received by eurozone construction firms returned to growth in for the first time in 13 months and the increase in workforce numbers was the first since February 2020, with anecdotal evidence suggesting a rise in demand ad required additional capacity. Also, overall sentiment among eurozone building companies remained positive in March.
2021-04-08

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.