The FX PostThe FX Post
    What's Hot

    Best 10 Crypto Trading Indicators to Choose & Make Profit

    May 26, 2022
    Diagram of growth in real estate prices. 3d illustration on white background.

    US Pending Home Sales Edged Down 3.9% in April on Rising Mortgage Rates

    May 26, 2022
    Close up of businessman hand pointing at abstract glowing grid with index and candlestick forex chart. Trade and financial data concept. Double exposure

    US Economy Shrank at 1.5% Annual Rate in Q1 of 2022

    May 26, 2022
    The FX Post The FX Post
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Best FX Post
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Eurozone Construction PMI Jumps to 56.6 in January, Driven by Surge in House Building
    Indices News

    Eurozone Construction PMI Jumps to 56.6 in January, Driven by Surge in House Building

    February 4, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    steel enterprise production workshop
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Construction firms in the euro area have posted a huge increase in activity at the start of 2022, driven by a rapid surge in house building and a bounce back in civil engineering projects.

    • The IHS Markit eurozone construction total activity index surged to a four-year high of 56.6 in January, increasing from 52.9 in the prior month. A PMI score above 50 signals that a larger percentage of businesses a reporting higher activity levels than the prior month.
    • Usamah Bhatti, an economist at IHS Markit, stated that a record surge in new orders, driven by sustained government support, helped to boost activity growth to the highest level since January 2018.
    • Bhatti further stated that there were indications that widespread reports of material shortages and delivery delays had reached a peak and had started to ease.

    Construction firms in Italy posted their biggest increase in activity on record as German builders stated that business grew at the fastest pace for nearly two years and French firms posted a moderate increase.

    Euro Stoxx 50 down -0.87%, EUR USD up +0.20%

    Source: IHS Markit

    Markets are invaded by algorithms. Learn 5 tips to secure your passive income with algo-based trading systems.
    Learn more
    Construction euro zone economy Eurozone Eurozone business
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Diagram of growth in real estate prices. 3d illustration on white background.

    US Pending Home Sales Edged Down 3.9% in April on Rising Mortgage Rates

    May 26, 2022
    A yellow forklift raises a big red arrow up. Growth in production rates and development of industry and infrastructure. Increased sales, economy growth. Concept of increase, growth and success.

    Orders for Durable-Goods Jumps 0.4% in April on Strong Aircraft Orders

    May 25, 2022
    Happy businessman holding flag of Germany in front of colleagues

    German Consumer Sentiment to Edge Up After Dropping to Record Low in May

    May 25, 2022

    ECB Says 10% of Eurozone Households Own Cryptocurrencies

    May 24, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    62  −  53  =  

    Recent Posts
    • Best 10 Crypto Trading Indicators to Choose & Make Profit
    • US Pending Home Sales Edged Down 3.9% in April on Rising Mortgage Rates
    • US Economy Shrank at 1.5% Annual Rate in Q1 of 2022
    • US Fed Likely to Hike Rates by 50 Basis Points in Upcoming Meetings-FOMC
    • BlackQueen Review: Is It a Good Robot to Buy In 2022?
    Editors Picks

    Best 10 Crypto Trading Indicators to Choose & Make Profit

    May 26, 2022

    Best 10 Ways to Earn Free Crypto & Profit Fast

    May 20, 2022

    Best 10 NFT Marketplaces

    May 17, 2022

    Best 10 Cryptocurrency Mining Platforms

    May 16, 2022
    Featured Reviews
    Pionex

    Pionex Review: Pros, Cons, Recommendations

    May 12, 2022
    TradeSanta

    TradeSanta Review: Pros, Cons, Recommendations

    May 18, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    © 2022, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.