The S&P Global Eurozone Construction PMI rose slightly to 43.4 in September 2026 from 43.0 in August, but remained below the 50.0 threshold, signaling a marked contraction in construction activity. The downturn remained broad-based across France, Germany and Italy, with France recording the steepest contraction, Germany seeing a much sharper decline and Italy the slowest fall. Residential construction saw the sharpest contraction and its fastest decline since February 2025, led by Germany. Meanwhile, new orders continued to fall, extending the downturn in demand to four-and-a-half years, although the pace eased from August. Employment declined for an eighth consecutive month, while purchasing activity also fell sharply. Input price inflation accelerated for the first time since April, with cost pressures strongest in Italy and Germany. Looking ahead, business sentiment remained pessimistic, with expectations at their weakest since April amid weak demand, rising costs and tight budgets. source: S&P Global

Construction PMI In the Euro Area increased to 43.40 points in September from 43 points in August of 2026. Construction PMI in the Euro Area averaged 47.37 points from 2013 until 2026, 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.

Construction PMI In the Euro Area increased to 43.40 points in September from 43 points in August of 2026. Construction PMI in Euro Area is expected to be 42.00 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 49.00 points in 2027 and 51.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Construction Output YoY -2.00 -1.40 percent Jul 2026
Home Ownership Rate 64.70 64.50 percent Dec 2025
House Price Index YoY 4.00 4.60 percent Jun 2026
Housing Index 159.88 158.19 points Jun 2026
Price to Rent Ratio 130.23 129.34 points Dec 2025
Residential Property Prices 4.69 5.09 Percent Mar 2026


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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Eurozone Construction Activity Remains Weak
The S&P Global Eurozone Construction PMI rose slightly to 43.4 in September 2026 from 43.0 in August, but remained below the 50.0 threshold, signaling a marked contraction in construction activity. The downturn remained broad-based across France, Germany and Italy, with France recording the steepest contraction, Germany seeing a much sharper decline and Italy the slowest fall. Residential construction saw the sharpest contraction and its fastest decline since February 2025, led by Germany. Meanwhile, new orders continued to fall, extending the downturn in demand to four-and-a-half years, although the pace eased from August. Employment declined for an eighth consecutive month, while purchasing activity also fell sharply. Input price inflation accelerated for the first time since April, with cost pressures strongest in Italy and Germany. Looking ahead, business sentiment remained pessimistic, with expectations at their weakest since April amid weak demand, rising costs and tight budgets.
2026-10-06
Eurozone Construction Downturn Accelerates in August
The S&P Global Eurozone Construction PMI fell to 43.0 in August 2026 from 44.3 in July, signaling a sharper contraction in construction activity. Total activity has now declined for 52 consecutive months, with the downturn led by steeper contractions in France and Italy, while Germany recorded its softest decline of 2026 so far. Housing saw the sharpest contraction, followed by commercial construction, while civil engineering also declined. Meanwhile, new orders fell at the fastest pace since April, prompting further job cuts and reductions in purchasing activity. Employment declined for a seventh month, with job shedding accelerating to a four-month high, although staffing in Italy rose for a second month. Cost pressures eased further, with input cost inflation falling to a six-month low, while subcontractor rate inflation reached its weakest since February. Looking ahead, business sentiment remained pessimistic at a three-month low, with French firms the most downbeat.
2026-09-04
Eurozone Construction Contraction Eases in July
The S&P Global Eurozone Construction PMI came in at 44.3 in July 2026, up from 42.8 in June, pointing to another sharp contraction but one that was the softest since March. Construction activity remained firmly in contraction across the region at the start of the third quarter, with declines continuing across all monitored sectors and the three largest economies, led by a sharper downturn in Germany. This was largely attributed to subdued demand, as new orders contracted at a faster pace. Job cuts persisted across eurozone construction for a sixth month, easing to the slowest pace since February despite steeper reductions in Germany. Meanwhile, cost pressures eased further as the energy-driven inflation spike following the Middle East conflict continued to moderate from April's record high. Looking ahead, firms across all three countries remained pessimistic, pushing business sentiment to its lowest level in three months, with Germany the most downbeat.
2026-08-06