Prior 37.0The misery continues for Germany's construction sector to start the new year. January observed sustained declines in activity, new orders and employment. Looking at the details, housing activity remained the worst performer alongside a deeper downturn in commercial building projects. The only "positive" is that civil engineering activity fell at the slowest rate for four months. HCOB notes that:“Just when you think it cannot get any worse, it can. According to the PMI, the German construction sector is extending and deepening its downturn which has been in place since April 2022 for another month, with no near end in sight. The driver of this downturn remains the housing sector, wh
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