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HCOB Construction PMI climbed to 50.4 in February 2026, up 2.7 from January's 47.7 reading. The reading matched the 48.5 consensus. Year-over-year, the indicator is up 2.2. Over the past 3 months, HCOB Construction PMI averaged 47.8, vs 49.57 in the prior 3-month window. The reading is in the 78th percentile of the trailing 24-month range.
The March 2026 reading rose from the previous value of 47.7. Historically, this indicator is positively correlated with EUR/JPY (Bullish EUR) and negatively correlated with EUR/USD (Bearish EUR).
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| Tuesday, May 12, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | Industrial Production YoY | 1.5 | 0.4 | 0.7 | 1.40 | Low | |
| 08:00 | Industrial Production MoM | 0.7 | 0.2 | 0.2 | 0.42 | Medium | |