In October this year, Germany's construction sector saw a sixth straight month-on-month increase in the level of total construction activity. As indicated by Markit's seasonally adjusted Germany Construction Purchasing Managers' Index (PMI), the pace of growth was moderate and slightly quicker than one month earlier at 52.6, up from September's reading of 52.1.
In October this year, in Germany's construction sector increased demand for materials helped place upward pressure on costs while also contributing to longer vendor lead times, while new orders remained in decline but fell at a slower pace than in September. New order intakes at constructors decreased in October, but the decline was only marginal and was the weakest decrease in the latest four months.
