The IHS Markit Eurozone Construction PMI increased to 48.3 in June of 2020 from 39.5 in May, pointing to the weakest decline in construction activity since February amid a relaxation of measures designed to control the coronavirus pandemic. France and Italy recorded construction output growth, while Germany posted a further marked decline. Work undertaken on home construction projects, commercial building activity and civil engineering continued to decline although at softer paces. Order books fell at a noticeably slower rate, employment shrank for the fourth month and input price inflation was the highest in three months due to raw materials. Finally, firms remained concerned about the impact of COVID-19 measures on investment. Germany and France both reported a negative construction outlook, while Italian constructors’ confidence surged to the highest for just over a year.
Construction Pmi in the Euro Area averaged 48.76 points from 2013 until 2020, 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 July of 2020. source: Markit Economics
Construction Pmi in Euro Area is expected to be 48.00 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 54.20 in 12 months time. In the long-term, the Euro Area Construction Pmi is projected to trend around 52.00 points in 2021 and 53.80 points in 2022, according to our econometric models.