Germany's construction sector registered its steepest decline in seven months in October, survey data from S&P Global showed on Thursday.
The construction Purchasing Managers' Index slid unexpectedly to 42.8 in October from 46.2 in the previous month. The index was forecast to rise to 46.9.
The reading was the lowest since March and the level below 50 indicates contraction in the sector.
Among the three broad categories of construction, housing activity was the weakest performer as the rate of contraction was the fastest seen so far this year.
For comments and feedback contact: editorial@rttnews.com
Business News
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.