• Total deals: 1413932843
  • Total active micro accounts: 134456
  • Total active standard accounts: 191023

German Construction Sector Expands For First Time In Four Months

02/06/2012 03:44

Activity in the German construction industry increased for the first time in four months in January, data from a survey by Markit Economics showed Monday.

The seasonally adjusted purchasing managers' index (PMI) for the construction sector increased to 53.2 in January from 49.3 in December. A PMI reading above 50 indicates expansion in the sector, while one below suggests decline.

New orders received by construction firms fell in January, though at a slower rate compared to December's 22-month high. Employment growth in the sector accelerated to the strongest in ten months, extending the current spell of jobs growth to 13 months.

Input price inflation faced by German constructors accelerated in January to the fastest since last October, due to the sharp rise in cost burdens.

Building construction increased sharply in January, helped by faster rise in residential activity. On the other hand, civil engineering work fell at a solid and accelerated rate, while commercial activity decreased marginally during the month.

(Market News Provided by RTTNews)

Post Comment

Email(required)
Password (required)
Comment (required)

(Characters left: 3000)

History

02/06/2012
IMF Sees Risk Of Deeper China Slowdown If Euro Crisis Worsens
02/06/2012
Indonesia's 2011 Economic Growth Strongest Since 1996
02/03/2012
Dollar Wobbles Despite Boffo U.S. Jobs Report
02/03/2012
U.S. Factory Orders Rise 1.1% In December, Less Than Expected
02/03/2012
U.S. Service Index Jumps To Eleven-Month High In January

Subscribe Live News

Subscribe Analytics

Trading terms

FXOpen provides the same trading opportunities to individuals and private companies that have been traditionally only offered to large financial institutions.

Check our trading terms
2005-2012 © FXOpen
All rights reserved.

AutoGraf 4: Video

Follow Us on Follow Us on