Germany Markit February construction PMI 6 March

  • new orders rise at second-fastest rate in survey history

Strong headline but not a real price mover. One to keep in your general filing though.

Euro not needing much help anyhow right now with dop-demand once again notable.

EURUSD 1.0627 EURGBP 0.8665 both on session highs. EURJPY steady at 120.80 as USDJPY remains near session lows of 113.60

Say Markit:

  • The German construction sector grew at a faster pace in February, following a slowdown in the rate of expansion at the start of 2017 linked to very cold weather.
  • Activity increased more quickly across the residential, commercial and civil engineering categories, and firms reported the second-sharpest rise in new work since the survey began in 1999.
  • Employment and purchasing both increased at faster rates, while the 12-month outlook remained historically strong.

Full report here