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
- 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