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EU HCOB Construction PMI (Jan) 45.3 (Prev. 47.4)

Newsquawk Staff ·

EU HCOB Construction PMI (Jan) 45.3 (Prev. 47.4)

What it means

The decline in the EU HCOB Construction PMI to 45.3 from the previous 47.4 indicates a further contraction in the construction sector, suggesting weakening demand and confidence. This drop could have implications for overall economic growth and might influence the ECB's policy decisions, particularly concerning rates and stimulus measures.

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