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Germany August construction PMI 41.5 vs 41.0 prior

Germany August construction PMI 41.5 vs 41.0 prior
The downturn in Germany's construction sector continues with housing activity posting its sharpest fall in over 13 years. Business expectations also declined to a nine-month low as sentiment remains relatively poor. The only good news is that input costs fell further as the pressure on supply chains continue to ease on the month. HCOB notes that:“In August, construction work kept on plummeting at a fast pace, primarily due to a sharp decline in house building. The dismal condition of this sector... Read More
Posted: Sep 6 2023, 07:30
Author Name: forexlive
Views: 102136

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