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.