Buyers warn of steep reduction in new construction orders in Europe

Aerial view over machinery at a solar farm construction site, during sunset Aerial view over machinery at a solar farm construction site (Image: TechAnimationStock via AdobeStock - stock.adobe.com)

October saw a sharp reduction in new construction orders in the Eurozone, according to the latest sounding of construction buyers in the region.

The HCOB Eurozone Construction Purchasing Managers’ Index (PMI) registered a decline in total activity to 44.0 in October, down from 46.0 in September (where any score less than 50.0 indicates a contraction).

It was the most pronounced decline for eight months although performances varied by Eurozone countries. Germany and France…

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Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
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