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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Construction PMI fell to 42.7 in February 2025
FMPMonthlyReleased March 2025
Eurozone Construction PMI fell to 42.7 in February 2025, released March 2025, down 2.7 from January's 45.4 reading. The reading missed the 45.4 consensus by 2.7. The print is running well below the 12-month average of 50.72. Construction PMI is now the lowest in 56 months.
Latest Release
42.7
Actual
45.4
Consensus
45.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.69 | FOREX | Bearish EUR | → View |
| BTC/USD | ▲ Direct | +0.55 | CRYPTO | Bullish BTC | → View |
| EUR/USD | ▼ Inverse | −0.52 | FOREX | Bearish EUR | → View |
| EUR/JPY | ▼ Inverse | −0.50 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction PMI (European Union) was reported at 46.00 in March 2026. The reading rose from the previous value of 45.30. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 45.64, ranging from 44.00 to 47.40 across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 46.23, up from the prior three at 45.37.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include ZEW Economic Sentiment Index (Jun 16) and Economic Sentiment (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Construction PMI - EU
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About Construction PMI — European Union
DEFINITION
Construction PMI (Purchasing Managers' Index) is a leading economic indicator that measures the level of activity in the construction sector. It provides valuable insights into the health and growth of the construction industry by tracking changes in key factors such as new orders, employment, and business expectations. This data is used by businesses, investors, and policymakers to make informed decisions and assess the overall economic outlook. A high Construction PMI indicates a strong and expanding construction sector, while a low PMI suggests a slowdown in activity.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 46. Prior reading (Feb 2026): 46. Before that (Jan 2026): 45.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bearish EUR, r=-0.69) — a useful reference for forex-focused traders.