(S&P Global) Eurozone Construction PMI was recorded at 52.8 in March, dropping from 56.3 in February, underlying the slowest expansion since October.
Construction firms attributed the March slowdowns partly to the inflation and geopolitical concerns following the attack on Ukraine.
In the home building category, expansion was recorded for the thirteenth straight month, although the rate of growth was the weakest in five months.
Work on commercial construction projects increased for the sixth straight month, although the rate was the slowest since October 2021. Civil engineering activity grew at the weakest pace in the current three-month sequence of growth.
New orders in construction also edged lower, with the rate the weakest in seven months attributed to weak client confidence following the Ukrainian war.
The rate of job creation continued for the tenth straight month in March, although the pace was the weakest in three months.
Supplier lead times increased to a greater extent for the second straight month, with the degree of vendor performance the worst since July and one of the sharpest on record. The lead times accelerated inflation to the fastest in seven months.
The degree of business confidence fell sharply, with firms reporting pessimism for the first time since December 2020.
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