Germany September construction PMI 41.7 vs 38.9 prior ...Middle East

Construction PMI 41.7 vs 38.9 prior.Key findings:Further sharp, albeit slower, fall in total industry activity. Rate of job shedding quickens. Input costs continue to fall.Comment:Commenting on the PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “The construction sector is starting to show some faint signs of life again, but we should not get carried away. The headline index rose in September to its highest level since May of last year. That said, the sector is still shrinking - just not as quickly as it has been over the previous 15 months. The uptick is largely due to impulses from residential and commercial construction, while civil engineering has taken

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