Mumbai, Sept. 4 -- Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday.
The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
A score below 50.0 indicates contraction and further below the critical threshold indicates the faster rate of contraction.
After registering growth for the first time in more than three years, commercial activity dropped sharply and to the greatest extent since March. On the other hand, work on infrastructure projects rose strongly. The decline in housing activity slowed to the weakest for two-and-a-half years.
The main factor that weighed on construction activit...