The S&P Global Eurozone Construction PMI fell to 49.2 in May of 2022 from 50.4 in April. The reading pointed to the first contraction in the construction sector in nine months, and the sharpest since February last year, amid higher raw material prices and supply-chain disruptions dampening output and demand. All three monitored sub-sectors posted declines, with house building work falling for the first time since February 2021. Meanwhile, construction firms in the bloc were increasingly pessimistic regarding the outlook for activity over the coming year, with confidence at its lowest level since October 2020. source: Markit Economics

Construction PMI in the Euro Area averaged 48.95 points from 2013 until 2022, 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 2022.

Construction PMI in Euro Area is expected to be 49.70 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 54.20 points in 2023 and 53.60 points in 2024, according to our econometric models.

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Euro Area Construction PMI



Related Last Previous Unit Reference
Construction PMI 49.20 50.40 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.20 50.40 57.00 15.10 2013 - 2022 points Monthly
SA

News Stream
Euro Area Construction Output Shrinks in May
The S&P Global Eurozone Construction PMI fell to 49.2 in May of 2022 from 50.4 in April. The reading pointed to the first contraction in the construction sector in nine months, and the sharpest since February last year, amid higher raw material prices and supply-chain disruptions dampening output and demand. All three monitored sub-sectors posted declines, with house building work falling for the first time since February 2021. Meanwhile, construction firms in the bloc were increasingly pessimistic regarding the outlook for activity over the coming year, with confidence at its lowest level since October 2020.
2022-06-07
Eurozone Construction Growth at 7-Month Low
The S&P Global Eurozone Construction PMI dropped to 50.4 in April of 2022 from 52.8 in March and pointed to the slowest expansion in overall construction activity since last September. The slowdown in activity came amid the sharpest reduction in new order inflows since February 2021 amid persistent supply bottlenecks, high raw material, building costs, and uncertainty stemming from the outbreak of war in Ukraine. At the same time, there was a slowdown in the rate of job creation across the eurozone construction sector. On the price front, the rate of input inflation accelerated from March and was the second-strongest on record. Finally, the overall degree of business confidence regarding the year-ahead outlook receded sharply during April, with companies reporting pessimism for the first time since November 2020.
2022-05-05
Eurozone Construction Growth at 5-Month Low
The S&P Global Eurozone Construction PMI dropped to 52.8 in March of 2022 from 56.3 in February and pointed to the slowest expansion in overall construction activity since last October. Companies often commented that growth was partially held back by concerns of accelerating prices and uncertainty stemming from the outbreak of war in Ukraine. Sub-sector data showed a sustained, yet slower rise in activity across the three monitored sub-sectors, with house building leading growth. New orders growth was the weakest for seven months and the rate of job creation eased to a 3-month low. On the price front, the rate of input inflation accelerated from February and was the fastest seen for seven months. Finally, the overall degree of business confidence regarding the year-ahead outlook receded sharply during March, with companies reporting pessimism for the first time since December 2020.
2022-04-06