Euro Area Construction PMI

Last Release

Mar 31, 2024

Actual

42.4

Units In

Points

42.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
57 Jan 2018	15.1 Apr 2020	48.15 Points	2013-2024	Markit Economics

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.

Latest Updates

The HCOB Eurozone Construction PMI declined to 42.4 in March from 42.9 in the previous month. Output decreased at a slightly quicker pace, with significant drops in housing activity driving the overall contraction. Weak demand and a sharp decline in new business led to job losses and cost-cutting measures, including reduced input buying and subcontractor use. However, cost burdens increased at the slowest rate in five months. The housing sector remained a major drag on total output, posting its largest reduction in seven months. Commercial and civil engineering firms also continued to experience declining activity, with commercial output seeing its slowest downturn since November.