Germany August construction PMI 38.9 vs 40.0 prior

• Prior 40.0

The struggle continues for Germany’s construction sector as it continues to stay well into recession territory. The accelerated downturn comes amid a steep decline in both housing and commercial building activity. And that is slightly offset by a rise in civil engineering activity, although still reflecting a contraction as well. The full report from HCOB can be found here.

This article was written by Justin Low at www.forexlive.com.