Construction activity in Germany rounds of best quarter in five yearsStaff writer ▼ | April 7, 2016
Building activity in Germany continued to rise at a solid pace during March, with growth reported across all three categories of construction activity covered by this survey.
Builders Markit Germany Construction PMI
March data signalled a fourteenth consecutive monthly rise in construction activity in Germany, as highlighted by the seasonally adjusted Purchasing Managers’ Index (PMI) – which is based on a single question asking respondents to report on the actual change in their total construction activity compared to one month ago – remaining above the no-change mark of 50.0.
Despite falling from February’s recent high of 59.6 to 55.8 in March, the average reading over the first quarter as a whole (57.8) was the best in five years.
The rise in building output was broad-based, with growth recorded across all three categories of construction activity. That said, rates of expansion slowed since February in all three cases.
The strongest increase was seen in the residential building sector, with one-third of the survey panel signalling an expansion. Commercial building and civil engineering output also rose during March, albeit at weaker rates than housing activity.
The amount of new business received by German construction companies rose for the fourth month running in March. However, the rate of growth slowed markedly and was only marginal overall. ■