Germany's construction PMI decreases to 53.4 in April
Markit Economics released construction purchasing managers' index (PMI) for Germany on Friday. Germany's construction PMI decreased to 53.4 in April from 55.8 in March.
A reading above 50 indicates expansion in the sector.
The index was mainly driven by a softer growth in in the commercial and civil engineering sub-sectors.
"Latest survey results signalled that the upturn in Germany's construction sector is down but not out at the start of the second quarter. The headline PMI fell to a five-month low, but remained in territory that is consistent with ongoing growth of construction output," an economist at Markit, Oliver Kolodseike, said.
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