December 3, 2022

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Germany June construction PMI 47.0 vs 44.5 prior

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Latest data released by Markit – 6 July 2021

A slight improvement relative to May but overall conditions are still largely hampered by supply disruptions and rising price pressures/input cost. Markit notes that:

“Construction activity in Germany is being held back
by supply bottlenecks. Not only are building firms
reporting difficulty sourcing materials, but sellers’
market conditions across a range of products, from
insulation and plastics to steel and timber, are driving
up constructors’ expenses at the fastest rate for over
two decades. Some customers in the market for building
work are experiencing prohibitive costs for new projects
as a result.

“Housing activity remains a rare bright spot, while the
strong drag from falling commercial activity continues.
Even with the rest of the economy in recovery mode,
constructors expect conditions to remain difficult over
the next 12 months.”

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