Markit European Union Construction Purchasing Managers Index (PMI)

Country:
European Union
EUR, Euro
Source:
Sector:
Business
Medium 50.1
45.0
Last release Importance Actual Forecast
Previous
50.1
Next release Actual Forecast
Previous
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Construction PMI in Eurozone is compiled and published by IHS Markit. The indicator shows the activity level of the construction sector purchasing managers in the reference countries.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Thus, they are among the first to see when conditions change for better or for worse. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

PMI calculation is based on data collected from monthly replies to questionnaires sent to purchasing executives in over 650 construction companies in Germany, France, Italy and Ireland. Managers are asked to evaluate current business and economic conditions in the national construction sector. The questionnaire covers the following economic variables:

  • General business activity
  • House construction activity
  • Commercial construction activity
  • Civil engineering activity
  • New orders
  • Employment
  • Quantity of purchases
  • Suppliers' delivery times
  • Input prices
  • Work with sub-contractors (activity, availability, rates, quality)
  • Near-term future output

Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. The index is seasonally adjusted. Individual weights are given to polled companies. The final index value is calculated as a weighted value of the national indices, while the weights are assigned based on the national construction value added. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire construction sector of the Eurozone. It is interpreted as a leading indicator of construction sector activity and inflation. Construction PMI growth is an indication of favorable market conditions and can be seen as positive for the euro quotes.

Last values:

actual data

The chart of the entire available history of the "Markit European Union Construction Purchasing Managers Index (PMI)" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2021
50.1
45.0
Feb 2021
45.0
44.1
Jan 2021
44.1
45.5
Dec 2020
45.5
45.6
Nov 2020
45.6
44.9
Oct 2020
44.9
47.5
Sep 2020
47.5
47.8
Aug 2020
47.8
48.9
Jul 2020
48.9
48.3
Jun 2020
48.3

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