Deutschland Construction PMI

The HCOB Germany Construction PMI fell to 40.2 in October 2024 from 41.7 in September, pointing to another sharp decline in the construction sector. The figures also showed a disappointing performance, amid slightly faster decreases in both activity and new orders as well as another notable round of staff retrenchment. In addition, cost pressures facing building companies continued to subside, with October seeing faster declines in both average prices paid for purchases and subcontractor rates. Firms' expectations towards the outlook remained deeply pessimistic.