FOREX TradingCharts.com

Financial News: Germany's Construction Sector Shrinks At Slower Pace

Germany's Construction Sector Shrinks At Slower Pace

08/06/2020 - 08:16:00 (RTTNews)

(RTTNews) - The decline in Germany's construction sector eased in July driven by the upswing in residential activity, survey data published by IHS Markit showed Thursday.

The construction Purchasing Managers' Index rose to 47.1 in July from 41.3 in June. A score below 50 indicates expansion in the sector.

However, the reading signaled that the decline was the slowest since the current downturn began in March.

After a four-month sequence of decline, housing activity rose moderately in July. Activity elsewhere remained subdued, with both the commercial and civil engineering categories posting sustained contractions.

The Covid-19 pandemic and related uncertainty, continued to weigh on inflows of new work but the pace of decrease slowed in July. Likewise, the decline in job losses slowed for the third month.

Latest data showed a further modest rise in average prices paid for purchases in July. The rate of inflation ticked up for the first time in five months. Similarly, rates charged by subcontractors increased more quickly than in June. Looking ahead, constructors remained downbeat about the outlook for activity over the next 12 months, citing greater caution among clients and squeezed budgets.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (08 min(s), 47 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (55 min(s), 47 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (26 min(s), 47 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (55 min(s), 47 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (05 min(s), 47 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (42 min(s), 47 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (30 min(s), 47 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (16 min(s), 47 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.