Germany Markit Nov construction PMI data just out 6 Dec
Says Markit:
- Drop in civil engineering activity weighs on overall industry performance
- Rates of expansion in employment and purchasing activity ease
- Optimism towards outlook weakens as new orders post first fall in 13 months
Germany's construction upturn showed signs of losing momentum in November, as growth in total industry activity eased to a ten-month low amid the first drop in new orders for more than a year, according to the latest PMI® survey data from IHS Markit. Constructors took on new staff and raised their purchases of raw materials as they pressed on with outstanding projects, but in both cases the rate of growth eased further from recent peaks. Business confidence towards the outlook also moderated to its lowest in 12 months.
Full report here
Meanwhile EURUSD steady around 1.1820 after the earlier fall. EURJPY recovering some poise as USDJPY finds buyers around 112.00
