empty
 
 

2019.03.0607:30:00UTC+00Germany Construction Activity Expands In February

Germany's construction activity expanded for the fourth successive month in February as new orders and employment rose, survey results from IHS Markit showed on Wednesday.

The headline construction Purchasing Managers' Index rose to 54.7 in February from 50.7 in January. The latest reading was the quickest since January 2018.

Any reading above 50 indicates expansion in the sector.

Housing activity remained strong, accelerating to the strongest rate in over a year. Civil engineering activity also grew at a faster rate.

New order growth recovered in February after slowing down in January. Business confidence rose to nine-month high.

Staffing level and purchasing activity increased with rise in new construction projects.

Cost pressure rose due to increase in purchase of building materials and products, while the rate of inflation dipped slightly since January remaining the fastest seen over the past eight years.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback