German construction PMI rises to 53.3 in December

Monday, 07 January 2019 17:34:58 (GMT+3)   |   Istanbul

In December last year, Germany's construction sector PMI indicated a rise to 53.3 from 51.3 recorded in November, according to Markit's seasonally adjusted Germany Construction Purchasing Managers' Index (PMI).

The December data indicated the strongest growth in total industrial activity for seven months due to a robust increase in housing activity. It showed that commercial activity was modest while civil engineering works decreased for the second consecutive month.

The latest data also showed that constructors’ expectations remained only mildly optimistic about the outlook.

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