FOREX TradingCharts.com

Financial News: Germany Construction Sector Growth Slows In April

Germany Construction Sector Growth Slows In April

05/07/2019 - 07:35:00 (RTTNews)

(RTTNews) - Germany's construction sector expansion eased in April with slower growth in commercial, housing and civil engineering activities, data from IHS Markit revealed on Tuesday.

The construction Purchasing Managers' Index fell to 53.0 in April from 55.6 in March.

Any reading above 50 indicates an expansion in the sector.

The latest reading was the lowest since January, albeit still higher than the long-run average of 47.8.

Both housing and commercial building work expansion were the weakest for three months. Meanwhile, civil engineering activity fell in April.

New order growth weakened from a thirteen-month high in February to the worst since October last year.

Firms' optimism towards future activity fell sharply to a four-month low due to slowdown in order book growth with concerns towards the outlook for the car industry.

Higher workloads led to new job creation and constructors scaled up their purchasing activity during the month.

Cost pressures in the construction sector eased further in April. Average prices paid for building materials and products rose sharply, but at the weakest rate since last May.

The overall deterioration in vendor performance was broadly in line with the trend in 2018.

"Rates of inflation in purchase prices and charges levied by sub-contractors have eased further from their recent highs, which is probably a reflection of developments on both the supply- and demand side," Phil Smith, Principal Economist at IHS Markit, said.

Eurozone's construction PMI eased marginally to 52.1 in April from 52.2 in March.

France's construction PMI expanded to 50.8 in April from 49.0 in the prior month.

Italy's construction PMI rose to 52.5 in April from 51.2 in the previous month.

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


OECD Trims Global Growth Outlook On Trade Disputes (41 min(s), 47 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story»

Slovenia Output Prices Rise In April (02 hr(s), 26 min(s), 47 sec(s) ago)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story»

UK Manufacturing Orders Lowest Since Late 2016: CBI (02 hr(s), 46 min(s), 47 sec(s) ago)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story»

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014 (03 hr(s), 56 min(s), 47 sec(s) ago)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story»

OECD Downgrades 2019 Global Growth Projection (04 hr(s), 09 min(s), 47 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story»

Turkey Consumer Confidence Eases In May (05 hr(s), 14 min(s), 47 sec(s) ago)
(RTTNews) - Turkey's consumer confidence eased in May after rising in the previous month, figu ...Full Story»

Denmark Consumer Confidence At 8-Month High (05 hr(s), 26 min(s), 47 sec(s) ago)
(RTTNews) - Denmark's consumer confidence grew to the highest level in eight months in May, su ...Full Story»

New Zealand Credit Card Spending Rises In April (06 hr(s), 01 min(s), 47 sec(s) ago)
(RTTNews) - New Zealand's credit card spending increased in April, after falling in the previo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

OECD Trims Global Growth Outlook On Trade Disputes

05/21/2019 - 08:56 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story>>

Slovenia Output Prices Rise In April

05/21/2019 - 07:11 AM (RTTNews)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story>>

UK Manufacturing Orders Lowest Since Late 2016: CBI

05/21/2019 - 06:51 AM (RTTNews)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story>>

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014

05/21/2019 - 05:41 AM (RTTNews)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story>>

OECD Downgrades 2019 Global Growth Projection

05/21/2019 - 05:28 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...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.