Eurozone’s construction activity downturn eases but UK sees sharp drop

Neil Gerrard Senior Editor, Construction Briefing

04 December 2025

Aerial view of houses under construction with roof beams exposed Image: teamjackson via AdobeStock - stock.adobe.com

Construction buyers reported another contraction in activity in November but the rate of decline has started to ease.

But in the UK, a separate survey painted a gloomier picture, with the sharpest fall in activity for more than five years.

The Hamburg Commercial Bank (HCOB) Eurozone Purchasing Managers’ Index (PMI) posted a score of 45.4 in November. Any score below 50.0 indicates a contraction in activity but it…

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