FOREX TradingCharts.com

Financial News: German Construction Growth At 14-month High

German Construction Growth At 14-month High

04/04/2019 - 05:03:00 (RTTNews)

(RTTNews) - A survey from IHS Markit showed on Thursday that the German construction sector grew the most in 14 months in March, led by strong gains in residential and commercial activity that boosted job creation.

IHS Markit's purchasing managers' index for the German construction sector rose to 55.6 in March from 54.7 in February, marking the highest reading since January 2018.

A PMI reading above 50 suggests expansion in the sector.

New orders in the construction sector grew for the seventh straight month and the rate of job creation was the quickest since January 2018. Business optimism was the strongest since April last year and purchasing activity also increased.

Civil engineering work grew for a third straight month, albeit at a slower pace.

Transport costs and wage pressures increase in March, and input price inflation remained sharp, despite easing to a 10-month low.

"With growth in total industry activity picking to a 14-month high in March, the data show the construction sector's best quarterly performance since Q3 2017," IHS Markit Principal Economist Phil Smith said.

"With the level of construction work increasing alongside strong growth in services activity, it leaves manufacturing - which has the greatest exposure to external headwinds - as the only area of concern in the German private sector."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Housing Starts Unexpectedly Dip 0.3% In March (07 hr(s), 58 min(s), 51 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a modest de ...Full Story»

Japan Overall Inflation +0.5% On Year In March (52 min(s), 09 sec(s) ago)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.5 percent on year in March, the ...Full Story»

South Korea Producer Prices Rise 0.3% In March (57 min(s), 09 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.3 percent on month in March, the Bank of Kore ...Full Story»

Japan Inflation Data Due On Friday (12 min(s), 09 sec(s) ago)
(RTTNews) - Japan is scheduled to release March numbers for consumer prices, highlighting a light ...Full Story»

U.S. Leading Economic Index Climbs More Than Expected In March (06 hr(s), 17 min(s), 51 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed its reading on U.S. leadi ...Full Story»

U.S. Business Inventories Rise Slightly Less Than Expected In February (06 hr(s), 21 min(s), 51 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased by slightly less than anticipated in the mo ...Full Story»

Philly Fed Index Pulls Back But Still Indicates Growth In April (07 hr(s), 14 min(s), 51 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday showed the p ...Full Story»

U.S. Retail Sales Show Much Bigger Than Expected Rebound In March (07 hr(s), 25 min(s), 51 sec(s) ago)
(RTTNews) - Retail sales in the U.S. spiked by much more than expected in the month of March, the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Unexpectedly Dip 0.3% In March

04/19/2019 - 08:49 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a modest de ...Full Story>>

Japan Overall Inflation +0.5% On Year In March

04/18/2019 - 19:40 PM (RTTNews)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.5 percent on year in March, the ...Full Story>>

South Korea Producer Prices Rise 0.3% In March

04/18/2019 - 18:45 PM (RTTNews)
(RTTNews) - Producer prices in South Korea were up 0.3 percent on month in March, the Bank of Kore ...Full Story>>

Japan Inflation Data Due On Friday

04/18/2019 - 18:00 PM (RTTNews)
(RTTNews) - Japan is scheduled to release March numbers for consumer prices, highlighting a light ...Full Story>>

U.S. Leading Economic Index Climbs More Than Expected In March

04/18/2019 - 10:30 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed its reading on U.S. leadi ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.