German HCOB Construction PMI (Dec) 50.3 vs. Exp. 47 (Prev. 45.2)
SourceNewswires
Importance
Level 1
- "Growth hiccups are still possible in civil engineering in 2026, but as the year progresses, the growth path should stabilize as more projects get underway. This trend will likely mean that resources from less busy construction segments will increasingly be deployed in civil engineering."
- "Building continues to get more expensive. Construction costs rose a bit more sharply in December than in the previous month. Combined with relatively high long-term interest rates, which is a key factor, especially for residential construction, this acts as a dampener. And given the ECB’s communication, short-term rates aren’t expected to fall anytime soon, which doesn’t help either.”
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