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- Eurozone construction activity growth softens in March
Eurozone construction activity growth softens in March
According to the report from IHS Markit, March data pointed to a slightly softer rise in eurozone construction activity, with the rate of growth easing in two of the three monitored market groups. The result was driven by the slowest increase in new business since a decline last August. Despite this, firms expanded purchasing activity at the quickest pace for nine months and the rate of job creation was unchanged from February's one-year high. Meanwhile, input price inflation softened and firms maintained their optimism towards the business outlook.
Falling from 52.6 in February to 52.2 in March, Eurozone Construction PMI signalled an deceleration in activity growth at eurozone construction firms. That said, the result extended the current sequence of expansion to 29 months and still represented a modest rise overall.
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