Mumbai, Jan. 7 -- Germany's construction sector expanded for the first time since early 2022 on rebound in civil engineering activity, purchasing managers' survey results from S&P Global showed on Wednesday.
The construction Purchasing Managers' index posted 50.3 in December, up from 45.2 in November. A score above 50.0 indicates expansion.
The index has remained above the 50 no-change mark since March 2022. The upturn was primarily driven by strong growth in civil engineering activity.
Civil engineering activity expanded for the fifth time in the past seven months and at the quickest rate in almost 15 years. At the same time, the drag on total activity from the housing sector eased considerably. Commercial construction remained the weak...