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- Germany's construction PMI increases to 52.5 in November
Germany's construction PMI increases to 52.5 in November
Markit Economics released construction purchasing managers' index (PMI) for Germany on Friday. Germany's construction purchasing managers' index (PMI) increased to 52.5 in November from 51.8 in October.
A reading above 50 indicates expansion in the sector.
The index was driven by a rise in all three categories of construction activity.
"November data signalled accelerated growth of construction activity in Germany, highlighted by the headline index reaching an eight-month high. A closer look at the underlying data shows that the upturn was broad-based, with growth reported across all three categories of building activity monitored by this survey," an economist at Markit, Oliver Kolodseike, said.
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