Germany Markit Oct construction PMI just out 7 Nov
- New orders increase more slowly amid reports of full utilisation of resources
- Strong rate of job creation maintained as firms look to boost capacity
- Intense supply chain constraints contribute to sharp rise in input costs
Says Markit:
The German construction sector maintained a solid rate of growth at the start of the fourth quarter, despite intense capacity pressures, according to the latest PMI® survey data from IHS Markit.
Total industry activity rose at a pace little-changed since September, as a pick-up in homebuilding offset slower growth in commercial and civil engineering activity. Meanwhile, rising demand for building materials acted to increase the strain on supply chains.
The incidence of delivery delays was one of the greatest seen for over a decade, while purchase price inflation was pushed to a six-and-a-half year high.
Full report here
