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    06.10.2015 16:04 Germany's construction PMI rises to 52.4 in August

    Markit Economics released construction purchasing managers' index (PMI) for Germany on Tuesday. Germany's construction purchasing managers' index (PMI) climbed to 52.4 in September from 50.3 in August.

     

     

    A reading above 50 indicates expansion in the sector.

     

     

    The index was driven by a rise in work on residential building projects.

     

     

    Employment and purchasing activity also rose in September.

     

     

    "Output rose at the strongest rate in six months, largely a result of sustained growth in residential building activity. Encouragingly, firms also reported a pick-up in purchasing activity, suggesting that companies are likely to remain busy in coming months," an economist at Markit, Oliver Kolodseike, said.


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