In June this year, Germany's construction sector PMI indicated a decrease to 53.0 from 53.9 recorded in May, according to Markit's seasonally adjusted Germany Construction Purchasing Managers' Index (PMI).
Construction activity in Germany maintained a solid overall rate of growth in June, despite the pace of expansion slowing slightly compared to that seen in May. Meanwhile, housing activity showed the strongest rate of growth for the third month in a row.
“June’s construction PMI data showed another fairly robust rise in the level of building activity in Germany, to signal a sustained rebound in the second quarter following snow disruption earlier in the year. Looking through the volatility and at the overall trend for the first half of the year, growth is slightly below that seen in 2017,” Phil Smith, principal economist at Markit, commented.