Eurozone
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Eurozone sees further drop in construction
June saw a further drop in construction activity across the Eurozone, although the latest decline was only modest amid a relaxation of Covid-19 measures. Order books fell at a noticeably slower rate than the past few months, though job shedding continued, according to the latest figures from the IHS MarkitPurchasing Managers’ Index (PMI). The IHS Markit Eurozone Construction Total Activity Index rose sharply from 39.5 in May to 48.3 in June. The figure, which is only slightly below the 50.0 ‘no change’ value, indicating the smallest decline in construction activity across the eurozone since February. Survey data showed France and Italy recorded construction output growth, while Germany posted a further marked decline. Bernard Aw, principal economist at IHS Markit, said: "Amid an easing of Covid-19 measures, the downturn in eurozone construction activity eased markedly in... Continue reading
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July 9, 2020
Eurozone sees further drop in construction
June saw a further drop in construction activity across the Eurozone, although the latest decline was only modest amid a relaxation of Covid-19 measures. Order books fell at a noticeably slower rate than the past few months, though job shedding continued, according to the latest figures from the IHS MarkitPurchasing Managers’ Index (PMI). The IHS Markit Eurozone Construction Total Activity Index rose sharply from 39.5 in May to 48.3 in June. The figure, which is only slightly below the 50.0 ‘no change’ value, indicating the smallest decline in construction activity across the eurozone since February. Survey data showed France and Italy recorded construction output growth, while Germany posted a further marked decline. Bernard Aw, principal economist at IHS Markit, said: "Amid an easing of Covid-19 measures, the downturn in eurozone construction activity eased markedly in... Continue reading
-
Eurozone sees further drop in construction
June saw a further drop in construction activity across the Eurozone, although the latest decline was only modest amid a relaxation of Covid-19 measures. Order books fell at a noticeably slower rate than the past few months, though job shedding continued, according to the latest figures from the IHS MarkitPurchasing Managers’ Index (PMI). The IHS Markit Eurozone Construction Total Activity Index rose sharply from 39.5 in May to 48.3 in June. The figure, which is only slightly below the 50.0 ‘no change’ value, indicating the smallest decline in construction activity across the eurozone since February. Survey data showed France and Italy recorded construction output growth, while Germany posted a further marked decline. Bernard Aw, principal economist at IHS Markit, said: "Amid an easing of Covid-19 measures, the downturn in eurozone construction activity eased markedly in... Continue reading