EU Market Production Falls 0.1% In June As Construction And Services Weaken

by THEFUTURE.TEAM

September 14, 2026

Market production in the European Union fell 0.1% in June, as weaker construction and services activity outweighed a modest increase in trade, according to Eurostat.

Monthly Output Turns Lower

Compared with May, total market production declined 0.1% in the EU and 0.2% in the euro area. The figures point to a modest loss of momentum across the market economy at the end of the second quarter.

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The total market production index, or TMPI, combines short-term indicators for industry, construction, services and trade, providing a broader measure of private-sector activity.

Construction And Services Lead Decline

Construction output fell 1% in June, while services production declined 0.2%. Trade provided some support, rising 0.3% during the month.

Industrial production was unchanged from May, indicating that the overall decline was concentrated in construction and services rather than spread across all sectors.

Euro Area Posts Larger Decline

In the euro area, total market production fell 0.2% from May. The slightly sharper decline reflected the same weakness in construction and services, while the overall downturn remained limited.

Annual Growth Remains Positive

Despite the monthly decline, market production remained above year-earlier levels. Compared with June 2025, total market production increased 1% in the EU and 0.7% in the euro area.

The annual gains indicate that the broader market economy continued to expand, although June data showed a softer pace and uneven performance across sectors.

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Cyprus Job Vacancies Fall 7% As Hiring Demand Softens

by THEFUTURE.TEAM

September 14, 2026

Cyprus’ job vacancy rate fell to 2.6% in the second quarter of 2026, down from 2.8% in the previous quarter and 3.3% a year earlier, according to data from the Statistical Service, or Cystat.

Vacancies declined by 975, or 7%, from 13,905 in the first quarter. The drop points to softer hiring demand, although several sectors continue to face staffing shortages.

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Hospitality Records Highest Vacancy Rate

Accommodation and food service activities had the highest vacancy rate at 4.6%, reflecting continued demand for workers in one of Cyprus’ most labor-intensive industries.

Transportation and storage and administrative and support services followed at 3.5% each, while construction recorded a 3.1% vacancy rate. Wholesale and retail trade stood at 3%.

Hospitality And Trade Have Most Openings

Accommodation and food service activities also recorded the largest number of vacancies, with 2,827 positions. Wholesale and retail trade followed with 2,286, while construction had 1,330.

Professional, scientific and technical activities recorded 874 vacancies, followed by transportation and storage with 859, manufacturing with 854, and administrative and support services with 789.

Public administration and defense had 665 vacancies, while human health and social work activities recorded 572. Information and communication activities had 441 openings, and financial and insurance activities had 398.

Vacancy Rates Vary Widely Across Sectors

Manufacturing and human health and social work activities each recorded vacancy rates of 2.2%. Publishing, broadcasting and content production, information and communication, and public administration and defense each stood at 2%.

Water supply and waste management and professional, scientific and technical activities recorded 1.9%, while other services stood at 1.8%, financial and insurance activities at 1.7%, and arts, sports and recreation at 1.5%.

Education had a vacancy rate of 0.7%, while electricity supply and real estate activities each stood at 0.6%. Mining and quarrying recorded no vacancies.

What Counts As A Job Vacancy

Cystat defines a job vacancy as a paid position that is newly created, unoccupied or about to become vacant, where an employer is actively seeking an external candidate and intends to fill the role immediately or within a specified period.

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