German construction sector continues to contract in March
Contributed by NAMPA / DPA.
Berlin (dpa-AFX) - Germany's construction sector continued to shrink in March but the pace of decline slowed from February, survey data from IHS Markit showed on Thursday.
The construction Purchasing Managers' Index rose to 47.5 in March from 41.0 in February. Nonetheless, a score below 50 indicates contraction in the sector and the latest reading was the second-highest since the start of the coronavirus disease 2019 pandemic behind that seen last August.
Survey respondents reported bad weather ...