Germany's construction activity contracted at the slowest pace in nearly two-and-a-half years in July, survey data from S&P Global showed on Wednesday.
The HCOB construction Purchasing Managers' Index rose to 46.3 in July from 44.8 in the previous month. A reading below 50.0 indicates contraction.
The latest score suggested that the construction sector shrank at the slowest rate since February 2023.
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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.