Eurozone Construction Sector Shows Further Contraction in September
- brg_news_room
- Oct 8
- 1 min read
Europe: The Eurozone construction sector continued to contract in September, according to the HCOB Eurozone Construction PMI, with the total activity index falling to 46.0 from 46.7 in August. A reading below the neutral 50.0 level indicates a reduction in activity. Both total activity and new order inflows declined, prompting further reductions in purchasing and employment, although the pace of job losses eased to its slowest rate since March. Respondents also reported rising costs and expressed a cautious outlook for the coming year.
Among sub-sectors, housing recorded the most pronounced decline, with the rate of reduction reaching its highest in three months. At the national level, Germany and France, the Eurozone’s two largest economies, reported notable output declines. Firms in France were particularly pessimistic about the sector’s near-term prospects.
Source: Share Cast
