Germany's construction sector remained in the contraction territory in June due to the deterioration in housing activity, survey data from S&P Global showed on Friday.
The construction Purchasing Managers' Index posted 44.8 in June, up from 44.4 in May. A score below 50.0 indicates contraction. That said, it was the second-highest score in over two years behind April's recent high.
At the sub-sector level, civil engineering returned to growth for the first time since August 2023. Moreover, activity logged its fastest growth in more than three years.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.