Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday.
The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.
The index has remained below the 50.0 no-change mark signalling a marked rate of contraction.
There was broad-based decline in the construction sector. Housing activity posted the steepest fall followed by commercial activity. Work on civil engineering projects dropped for the first time in seven months.
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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.