FOREX TradingCharts.com

Financial News: Germany Construction Sector Remains Deep In Contraction Zo

Germany Construction Sector Remains Deep In Contraction Zone

03/06/2024 - 03:49:00 (RTTNews)

(RTTNews) - Germany's construction sector shrank sharply in February but the pace of decline slowed from the previous month, survey results from S&P Global showed on Wednesday. The construction Purchasing Manages' Index hit a five-month high of 39.1 in February, up from 36.3 in January.

A score below 50.0 indicates contraction. The current sequence of decline stretches back to April 2022.

The three broad construction categories of the index showed slower rates of decline. Civil engineering activity dropped only slightly. Meanwhile, the rates of contraction in both housing and commercial activity remained sharp. The survey showed that new work posted a sharp decrease but it was the least marked in six months. Employment posted the smallest fall since last July. On the price front, the survey showed that input price grew the most since March 2023 due to supply bottlenecks and pass-through of increased toll charges.

Moreover, constructors were more downbeat about the outlook for activity over the coming year, citing economic frailty and domestic politics as potential constraints.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Sweden Producer Prices Fall Further (42 min(s), 33 sec(s) ago)
(RTTNews) - Sweden's producer prices declined for the eleventh straight month amid a continued ...Full Story»

German Consumer Sentiment To Rise In May (01 hr(s), 01 min(s), 33 sec(s) ago)
(RTTNews) - German consumer confidence is set to rise again in May, survey conducted by the market ...Full Story»

Norway Jobless Rate Rises To 4.0% (01 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, ...Full Story»

Japan Leading Index Unrevised At 18-Month High (01 hr(s), 44 min(s), 33 sec(s) ago)
(RTTNews) - Japan's leading index improved to the highest level in one-and-a-half years as ini ...Full Story»

German Export Expectations Fall For First Time In 3 Months - Ifo (01 hr(s), 57 min(s), 33 sec(s) ago)
(RTTNews) - Sentiment among Germany's exporters weakened in April after a strong rebound in th ...Full Story»

European Economic News Preview: German Consumer Confidence Data Due (02 hr(s), 47 min(s), 33 sec(s) ago)
(RTTNews) - Consumer sentiment survey data from Germany is the top economic news due on Thursday, ...Full Story»

South Korea Q1 GDP Climbs 1.3% (27 min(s), 27 sec(s) ago)
(RTTNews) - South Korea's gross domestic product was up a seasonally adjusted 1.3 percent on q ...Full Story»

South Korea GDP Jumps 1.3% In Q1 (52 min(s), 27 sec(s) ago)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Sweden Producer Prices Fall Further

04/25/2024 - 03:38 AM (RTTNews)
(RTTNews) - Sweden's producer prices declined for the eleventh straight month amid a continued ...Full Story>>

German Consumer Sentiment To Rise In May

04/25/2024 - 03:19 AM (RTTNews)
(RTTNews) - German consumer confidence is set to rise again in May, survey conducted by the market ...Full Story>>

Norway Jobless Rate Rises To 4.0%

04/25/2024 - 02:58 AM (RTTNews)
(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, ...Full Story>>

Japan Leading Index Unrevised At 18-Month High

04/25/2024 - 02:36 AM (RTTNews)
(RTTNews) - Japan's leading index improved to the highest level in one-and-a-half years as ini ...Full Story>>

German Export Expectations Fall For First Time In 3 Months - Ifo

04/25/2024 - 02:23 AM (RTTNews)
(RTTNews) - Sentiment among Germany's exporters weakened in April after a strong rebound in th ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.