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German Construction Sector Downturn Deepens In June

Por: RTTNews Business July 06, 2023

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Germany's construction sector declined at the fastest pace since February 2021 as higher interest rates and economic uncertainty weighed on demand, survey results published by S&P Global revealed on Thursday. The HCOB construction Purchasing Managers' Index posted 41.4 in June, down from May's 43.9.A reading below 50.0 indicates contraction. The score also signaled the biggest fall in activity since February 2021.Housing activity... + full article



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