Eurozone construction continues to struggle with civil engineering, commercial real estate and particularly housing showing weakness. Falling new orders mean that weak conditions to persist in the first half of 2024.
Eurozone construction down -1.0% m-o-m (-0.5% y-o-y) in October; Buildings down -0.9% m-o-m (-0.8% y-o-y); Civil works down -1.0% m-o-m (1.2% y-o-y).
The IHS Markit Eurozone Construction PMI increased to 43.6 in December from 43.4 in November (< 50, contraction).