Germany September construction PMI 39.3 vs 41.5 prior

  • Latest data released by HCOB - 5 October 2023
DEPMI
  • Prior 41.5

This marks the quickest fall in German construction activity in 3½ years as business confidence also plunges to a near-record low. A further slump in demand led to a sharp fall in purchasing activity but at least it did help to ease price pressures. Once again, housing activity was the worst performing sector but both commercial and civil engineering activity also declined in September.

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