Financial News: German Construction PMI Hits 29-Month High

German Construction PMI Hits 29-Month High

08/06/2025 - 06:44:00 (RTTNews)

(RTTNews) - Germany's construction activity contracted at the slowest pace in nearly two-and-a-half years in July, survey data from S&P Global showed on Wednesday.

The HCOB construction Purchasing Managers' Index rose to 46.3 in July from 44.8 in the previous month. A reading below 50.0 indicates contraction.

The latest score suggested that the construction sector shrank at the slowest rate since February 2023.

Housing activity continued to be the main drag on overall construction sector. The rate of decline in work on residential building projects remained sharp but it eased to the weakest in three months.

Meanwhile, commercial activity showed a moderate rate of growth, thereby ending a sequence of contraction stretching back to April 2022. After posting the strongest growth for more than three years in June, the civil engineering sector registered a renewed fall in July.

"Germany's construction sector continues to show signs of recovery, but the sector is not out of the woods yet," Hamburg Commercial Bank Economist Norman Liebke said.

"The sector remains in deep recession, especially when viewed in comparison with the trends in manufacturing and services," Liebke added.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Luxembourg GDP Grows 0.6% In Q2 (31 min(s), 04 sec(s) ago)
(RTTNews) - Luxembourg's economy expanded for a third straight quarter in the three months to ...Full Story»

Czech Retail Sales Growth Eases In July (01 hr(s), 25 min(s), 56 sec(s) ago)
(RTTNews) - The Czech Republic's retail sales growth moderated in July after accelerating in t ...Full Story»

Slovakia Q2 GDP Growth Eases Less Than Estimated (01 hr(s), 36 min(s), 56 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated less than initially estimated in the second q ...Full Story»

U.S. Adds 22,000 Jobs In August, Far Fewer Than Expected (02 hr(s), 12 min(s), 56 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by much less than expected in the month of August, the Lab ...Full Story»

Eurozone GDP Growth Confirmed At 0.1% (02 hr(s), 15 min(s), 56 sec(s) ago)
(RTTNews) - The eurozone economy registered a marginal growth in the second quarter, as initially ...Full Story»

Ireland Jobless Rate Falls To 4.7% (02 hr(s), 59 min(s), 56 sec(s) ago)
(RTTNews) - Ireland's unemployment rate decreased slightly in August after rising in the previ ...Full Story»

U.S. Employment Rises Much Less Than Expected In August (03 hr(s), 10 min(s), 56 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by much less than expected in the month of August, the Lab ...Full Story»

Romanian Q2 GDP Growth Confirmed At 0.3% (03 hr(s), 16 min(s), 56 sec(s) ago)
(RTTNews) - Romania's economic growth held steady as initially estimated in the second quarter ...Full Story»