Germany's construction PMI falls to 51.8 in October

Market news

5 November 2015

Germany's construction PMI falls to 51.8 in October

Markit Economics released construction purchasing managers' index (PMI) for Germany on Thursday. Germany's construction purchasing managers' index (PMI) fell to 51.8 in October from 52.4 in September.

A reading above 50 indicates expansion in the sector.

The index was driven by a drop in new business.

"October's construction PMI data signalled that building firms remained busy at the start of the fourth quarter. While the pace of expansion in construction output slowed since September, growth has now been reported in each of the past nine months," an economist at Markit, Oliver Kolodseike, said.

U.S.: Initial Jobless Claims, October 276 (forecast 262)

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the release of the Bank of England's interest rate decision

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