German construction PMI rises to eight-month high in November

Wednesday, 28 December 2016 16:50:29 (GMT+3)   |   Istanbul
       

In November this year, Germany's construction sector PMI increased to an eight-month high of 53.9 from 52.9 recorded in October, according to Markit's seasonally adjusted Germany Construction Purchasing Managers' Index (PMI). 
 
Residential building activity remained the main driver of the overall upturn in construction output. Commercial building output also rose at a faster pace during the month. Rates of growth in these two categories were below their respective first quarter averages, however.

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