German construction activity continues to improve in Feb

Friday, 07 March 2014 16:57:50 (GMT+3)   |   Istanbul
       

In February this year, Germany's construction sector saw its 10th straight month-on-month increase in overall activity levels. Markit's seasonally adjusted Germany Construction Purchasing Managers' Index (PMI) was at 53.6 points in February, up from January's reading of 52.5.

Activity on housing projects in Germany was almost stable in February, following a three-month period of contraction. In addition, German constructors hired additional workers in February in order to meet increased business demands.


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