Germany February construction PMI 39.1 vs 36.3 prior ...Middle East

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Prior 36.3Total activity in Germany's construction sector fell at its slowest rate in five months. But make no mistake, this is still a poor showing in the grand scheme of things. Once again, all three sub-sectors showed a decline in activity with civil engineering the worst performing. Besides that, input prices rose for a third month running to its highest in 11 months. HCOB notes that:“These numbers continue to paint an ugly picture. True, the PMI has gone up by almost 3 points which is not negligible. However, the index remains still deep in recessionary territory and it is only a one-month movement for now. “Housing remains the main driver of the recession in construction, followed by c

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Last updated : 06 March 2024 clock 11:33 AM

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Germany February construction PMI 39.1 vs 36.3 prior ...Middle East

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