Eurozone construction activity decline accelerates but buyers turn optimistic

Neil Gerrard Senior Editor, Construction Briefing

05 June 2025

A construction site in Ulm, Germany A construction site in Ulm, Germany (Image: PRILL Mediendesign via AdobeStock - stock.adobe.com)

Yet another reported decline from buyers in construction activity in the Eurozone is undoubtedly not good news, but it obscures a more positive message: confidence in some major markets is finally returning.

Construction buyers in the Eurozone reported an accelerated decline in construction activity in May, according to the latest Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI).

The index scored 45.6 in May, down from 46.0 in April (any figure less than 50.0 represents a decline).

That indicated a sharp…

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