Germany November construction PMI 36.2 vs 38.3 prior ...Middle East

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Prior 38.3There remains a sustained downturn in new orders for Germany's construction sector, with housing activity - once again the worst performer - seeing yet another sharp fall on the month. This is the lowest reading in roughly 3½ years. Demand conditions remain rough with accelerated declines in commercial building and civil engineering activity as well. HCOB notes that:“The building sector in Germany is experiencing a perilous plunge, with commercial building activity and civil engineering witnessing an escalated fall in November. The housing segment, leading the descent with a rapid decline, persists in cutting construction activity at a relentlessly depressive pace. “The new order f

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