Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday.
The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
A score below 50.0 indicates contraction and further below the critical threshold indicates the faster rate of contraction.
After registering growth for the first time in more than three years, commercial activity dropped sharply and to the greatest extent since March. On the other hand, work on infrastructure projects rose strongly. The decline in housing activity slowed to the weakest for two-and-a-half 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.