April 2017 German Markit construction PMI report 5 May 2017
Input price gains ease from March's 5 year high
Employment eased but remains strong
Subcontractors increased their rates at the fastest since May 2008
Markit's Trevor Balchin says;
"The latest PMI data for the German construction sector revealed an ongoing strong performance in April, despite most indexes retreating slightly from their March highs.
Growth of construction activity remained historically strong, with sharp gains registered in all three main areas of the sector. Moreover, new orders rose at one of the fastest rates on record. This led to further demand for construction inputs, placing pressure on supply chains. Vendor delivery times lengthened to the greatest extent since January 2007, and purchase prices rose at the second-fastest rate in five years."
Yesterday, ECB Praet said he wanted to see wage inflation and he's got some here.
German construction PMI
