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German construction sector records sharp slowdown in March

April 06, 2022


Abstract : The German construction sector registered a sharp slowdown in activity growth in March, according to survey results from S&P Global.

CAPTION: German construction sector records sharp slowdown in March. (picture alliance / Jochen Tack)

The German construction sector registered a sharp slowdown in activity growth in March, according to survey results from S&P Global.

The construction Purchasing Managers' Index fell to 50.9 in March from a two-year high of 54.9 in February. Nonetheless, a score above 50.0 indicates expansion in the sector.

The slowdown was led by the residential sector, which after recording strong growth in the prior two months, logged a renewed contraction. Work on commercial building projects continued to increase, though the pace of expansion eased considerably. At the same time, civil engineering activity maintained the most momentum in March.

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Keyword: construction sector

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