Sharpest decline in Eurozone construction activity for five months amid Iran war

Neil Gerrard Senior Editor, Construction Briefing

08 April 2026

Construction work at the Friedrichshafen HQ of RRPS Construction work at the Friedrichshafen HQ of RRPS (Photo: Rolls-Royce)

A two-week ceasefire may just have been announced but an increase in energy costs resulting from the Iran war tipped Eurozone construction activity into its sharpest decline in five months in March.

In the latest S&P Global Eurozone Construction Purchasing Managers’ Index (PMI), buyers pointed the finger at surging energy prices, as the Eurozone PMI dipped to 44.6 in March (where any score below 50.0 indicates a contraction).

Construction buyers have also become more pessimistic regarding the outlook for the coming year,…

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