India, June 5 -- Germany's construction sector contracted further in May on accelerated declines in housing and commercial activity segments, survey results from S&P Global showed Thursday.
The HCOB construction Purchasing Managers' Index registered 44.4 in May, down from April's 26-month high of 45.1.
The index moved further below the threshold 50.0, suggesting contraction in the sector.
Both housing and commercial activity segments registered sharper declines. Housing activity remained the weakest-performing category. Meanwhile, civil engineering activity stabilized in May, ending a 20-month sequence of contraction.
New orders dropped at a marginally faster pace in May after registering the weakest decline in more than three years. Hi...