German HCOB Construction PMI (Jan) 44.7 (Prev. 50.3)
Newsquawk Staff ·
German HCOB Construction PMI (Jan) 44.7 (Prev. 50.3)
What it means
The sharp decline in the German HCOB Construction PMI to 44.7 from the previous 50.3 indicates a significant contraction in the construction sector, as it falls below the neutral threshold of 50. This suggests potential headwinds for Germany's economic growth outlook, corroborating concerns about slowing activity, which may influence European Central Bank policy considerations moving forward.
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