By Daniel Hunter
Germany’s construction sector continued to rebound from its recent downturn, with activity levels rising solidly across all three sub-categories within the industry. New order intakes were broadly unchanged, but firms nevertheless raised employment and purchasing activity in line with greater output requirements. Cost inflation meanwhile subsided to the weakest in ten months, though firms did face notably longer lead times from suppliers.
The Markit Germany Construction Purchasing Managers’ Index00 (PMI) — which is based on a single question asking respondents to report on the actual change in their total construction activity compared to one month ago — climbed to a 15- month high of 54.5 in June, up from 50.6 in May, signalling solid and accelerated growth of total German construction activity.
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