The IHS Markit Eurozone Construction PMI edged down to 44.1 in January of 2021 from 45.5 in December. The reading pointed to the 11th consecutive month of falling construction activity and at the sharpest rate since May last year when countries started to ease lockdown. Companies frequently linked the latest drop in activity to the coronavirus pandemic and weaker sales. Underlying data signalled reduced construction output across each of the three monitored sub-sectors, with civil engineering seeing the sharpest fall. Among the largest economies in the Euro Area, France posted the steepest rate of contraction, followed by Germany while Italy recorded a drop in construction activity for the third time in the past four months, albeit one that was only mild. Although activity and sales trends remained weak, construction firms expressed optimism towards the 12-month outlook amid positive vaccine news. This was the first time that firms had forecast growth of activity since July of 2020. source: Markit Economics
Construction PMI in the Euro Area averaged 48.58 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 - values, historical data and charts - was last updated on March of 2021.
Construction PMI in Euro Area is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the Euro Area Construction PMI is projected to trend around 53.80 points in 2022, according to our econometric models.