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Germany Construction Sector Continues To Shrink

Por: RTTNews Business November 07, 2022

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Germany's construction sector continued to contract in October as rising costs, higher interest rates and the prospects of recession dampened demand, survey results from S&P Global showed on Monday.The construction Purchasing Managers' Index came in at 43.8, up from September's 19-month low of 41.8. Nonetheless, a reading below 50.0 indicates contraction. The extent of the downturn in total industry activity eased somewhat in... + full article



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