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. source: S&P Global

Construction PMI In the Euro Area decreased to 43 points in August from 44.30 points in July of 2026. Construction PMI in Euro Area averaged 47.39 points from 2013 until 2026, reaching an all time high of 57.00 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 decreased to 43 points in August from 44.30 points in July of 2026. Construction PMI in Euro Area is expected to be 43.00 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 50.90 points in 2027 and 51.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Construction Output YoY -0.70 0.70 percent Jun 2026
Home Ownership Rate 64.70 64.50 percent Dec 2025
House Price Index YoY 4.70 5.10 percent Mar 2026
Housing Index 158.36 156.87 points Mar 2026
Price to Rent Ratio 130.23 129.34 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 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
Eurozone Construction Downturn Deepens in June
The S&P Global Eurozone Construction PMI fell to 42.8 in June 2026 from 43.7 in May, signaling a robust and accelerated contraction across the region. Activity shrank across the top three eurozone economies, led by a steepening decline in France and a sharper downturn in Italy, while Germany's contraction eased slightly but remained severe. Residential construction remained the weakest segment, followed by commercial activity and civil engineering. Though the decline in new orders moderated to a four-month low, muted demand led firms to cut staff for a fifth consecutive month and reduce input buying, extending that contractionary streak to 49 months. Concurrently, severe vendor lead times persisted, led by German shipping delays. On pricing, input inflation cooled to its lowest since March, but business sentiment deteriorated further into negative territory, with acute pessimism in Germany offsetting mild optimism in Italy.
2026-07-06