08.04.202607:30:00UTC+00Eurozone Construction Slump Deepens as HCOB PMI Falls Further in March

The euro area’s construction sector weakened further in March, with the HCOB Eurozone Construction PMI dropping to 44.6 from 46.0 in February 2026, according to data updated on 8 April 2026. The reading remains firmly below the 50.0 threshold that separates expansion from contraction, signaling a deepening downturn in construction activity across the currency bloc.

On a month-over-month basis, March’s decline indicates that the pace of contraction accelerated compared with February, when the PMI stood at 46.0. The latest figure suggests persistent headwinds for builders, with demand conditions and project pipelines likely under pressure as the sector moves further away from stabilisation.

The comparison shows that both the current month and the previous month reflected contractionary conditions, but March’s sharper drop underscores mounting weakness in the eurozone construction industry as 2026 progresses.