• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Germany August construction PMI 42.6 vs 43.7 prior

Started by forex4you, Sep 06, 2022, 04:36 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

Germany August construction PMI 42.6 vs 43.7 prior

<ul><li>Prior 43.7</li></ul><p style="" class="text-align-justify">German construction activity continues to slump further, with the contraction at its quickest pace in a year-and-a-half. A sustained drop in new orders was observed as high prices, increased interest rates and economic uncertainty all weighed on demand for construction work. S&P Global notes that:</p><p style="" class="text-align-justify">"Latest PMI data showed output levels across Germany's construction sector falling for a fifth straight month in August, with the headline total activity index dropping even further into sub-50 contraction territory to show the sector's worst performance for a year-and-a-half. </p><p style="" class="text-align-justify">"Commercial activity continued to lead the decline, but the trends in both housing and civil engineering were not much better, with each category seeing a notable downturn. </p><p style="" class="text-align-justify">"Construction activity has fallen on the back of a sustained reduction in demand, with firms reporting that high prices, increased borrowing costs and uncertainty among clients has made it more difficult to secure new work. </p><p style="" class="text-align-justify">"The decline in new orders did ease somewhat, whilst there were further moderations in both cost and supplychain pressures, all of which perhaps helps explain the less slightly pessimistic outlook among constructors. Nevertheless, constructors are expecting conditions to remain extremely challenging over the coming year and have continued to scale down both workforce numbers and purchasing activity accordingly."</p><p style="" class="text-align-justify">/<a href="https://www.forexlive.com/terms/e/eur/" target="_blank" id="b0427fd7-674c-4ad1-b689-22d1f8b087b0_1" class="terms__main-term">EUR</a></p>

                This article was written by Justin Low at forexlive.com.

Source: Germany August construction PMI 42.6 vs 43.7 prior

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com