ECONOMICS COMMENTARY
Dec 05, 2013
German construction sector growth helps drive economic expansion
The construction industry looks set to provide a boost to the German economy in the fourth quarter, according to Markit's PMI data. The construction PMI - which measures the overall level of business activity in the sector - registered expansion for the seventh successive month in November. Although the headline index dipped slightly from 52.6 in October to 52.1, the average reading in the fourth quarter so far is consistent with the sector's output rising by some 7% compared to the third quarter.
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