EU HCOB Construction PMI (Dec) 47.4 vs. Exp. 46.9 (Prev. 45.4)
SourceNewswires
Importance
Level 1
- "While civil engineering activity surged in Germany, it declined in France and Italy, leaving the Eurozone with a slight dip in the overall civil engineering index. This divergence is likely to shape 2026 as well: Germany has plenty of funds for infrastructure projects, while France and Italy remain in austerity mode."
- "For the Eurozone as a whole, though, there is little reason to expect a construction jobs boom, given that France and Italy are sticking to budget discipline and long-term interest rates are likely to stay high.”
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