Eurozone Construction Activity Closes 2021 With Slower Growth

Source: IHS Markit

Construction activity growth in the Eurozone closed 2021 with a slight decline, as civil engineering projects weakened for the 29th straight month. EZU is up 0.08% premarket.

• The IHS Markit Eurozone Construction Total Activity Index fell to 52.9 in December from 53.3 in November.
• The latest reading extended the sector’s expansion to the third straight month, albeit at a slower rate.
• The latest data indicated sustained growth in both house building and commercial activity, which rose for the third straight month.
• Civil engineering works posted a fractional decline to extend the slowdown of expansion, but the pace of contraction was the softest in the sequence.
• New orders within Eurozone construction companies grew at the fastest pace since February 2019, as new projects came to tender with government incentives.
• Construction firms were optimistic for the coming year for the 12th straight month, but the positive sentiment dropped to the lowest in eight months.