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Germany November construction PMI 41.5 vs 43.8 prior
- Prior 43.8
The reading highlights a deepening contraction in Germany's construction sector, led by shrinking housing activity. Firms were reportedly extremely pessimistic about the outlook for the year ahead, amid a backdrop of high inflation, rising borrowing costs and reluctance among customers. S&P Global notes that:
“The current economic environment of high prices, rising interest rates and weak... Read More
Posted: Dec 6 2022, 08:30
Author Name: forexlive
Views: 110859