The IHS Markit Eurozone Construction Total Activity Index rose sharply from 39.5 in May to 48.3 in June, indicating the weakest decline in construction activity across the eurozone since February amid a relaxation of measures designed to control the coronavirus disease 2019 (COVID-19) pandemic.
Survey data showed France and Italy recorded construction output growth, while Germany posted a further marked decline.
Work undertaken on home construction projects in the eurozone declined further at the end of the second quarter. That said, the pace of contraction eased markedly from May and was only modest overall. The downturn in housing construction activity was led by Germany and France. By contrast, Italy posted a second monthly rise in home building activity.
- Order books fall at noticeably slower rate
- Job shedding persists
- Input price inflation intensifies