Germany's construction sector morale eroded sharply in April as an increasing number of firms face supply shortages due to the war in Ukraine, survey data from the ifo institute showed Thursday.
The share of building construction companies reporting material shortages rose to 54.2 percent in April from 37.2 percent in the previous month.
In civil engineering, the proportion climbed to 46.2 percent from 31.5 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.