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German Construction Downturn Continues In May

Por: RTTNews Business June 06, 2023

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Germany's construction sector continued to contract in May, largely due to a further plunge in housing activity amid weaker demand conditions, survey results published by S&P Global showed on Tuesday.The HCOB construction Purchasing Managers' Index climbed to 43.9 in May from 42.0 in the previous month. However, any score below 50 indicates contraction in the sector. Moreover, the reading stayed within the contraction zone for the... + full article



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