04.09.202607:30:00UTC+00Eurozone Construction Activity Slumps Further as HCOB PMI Falls to 43.0 in August

The euro area’s construction sector weakened further in August 2026, with the HCOB Eurozone Construction PMI slipping to 43.0 from 44.3 in July, according to data updated on 4 September 2026. The decline underscores a deeper contraction in activity, as any reading below 50 signals a downturn in the sector.

The month-over-month comparison shows that not only is construction output shrinking, but the pace of decline has also accelerated between July and August. In July 2026, the index stood at 44.3, already indicating a contraction compared with June, but the fresh drop to 43.0 in August points to increasing pressure on builders across the euro area.

With the PMI moving further away from the 50.0 growth threshold, the latest reading suggests ongoing weakness in eurozone construction, a sector closely watched for its implications for employment, investment, and broader economic momentum in the currency bloc.