The HCOB Eurozone Construction PMI edged down to 45.2 in June 2025 from 45.6 in May, marking the sharpest decline in three months. Output fell markedly, driven by a steep drop in new orders. Weak demand conditions prompted firms to cut staffing and input purchases, extending their downturns to 28 and 37 months, respectively. Regionally, Germany and France remained the main drags, with the latter seeing the sharper decline, while Italy registered growth for the fourth month. Across sectors, the residential sector was again the worst performer, while commercial activity fell at the fastest pace in four months. On a brighter note, civil engineering work expanded for the first time since March 2022, with growth seen in all three monitored economies. On prices, input cost inflation rose to its highest since December 2023, leading to the fastest rise in output prices since September 2023. Lastly, firms remained pessimistic about the year ahead, anticipating a drop in overall activity.