Latest data released by Markit - 5 March 2020
- Prior 54.9
Construction activity continues to pick up in February with homebuilding still helping to prop up overall conditions, though there is also a pickup in commercial activity as well.
This points to an optimistic start to the year for the construction sector and is a welcome boost for the German economy as other areas are starting to see some impact from the coronavirus outbreak across the globe.
However, Markit does warn about a potential correction in activity levels ahead of spring and summer time - similar to what was experienced in 2019.
