India, May 7 -- Germany's construction sector downturn eased in April as total industry activity and new orders declined at slower rates, purchasing managers' survey data published by S&P Global showed Wednesday.
The HCOB construction Purchasing Managers' Index advanced to 45.1 in April from 40.3 in the previous month. This was the highest reading in more than two years.
However, the score is firmly below the neutral threshold 50.0 mark suggesting contraction.
The survey showed slower decreases in activity in each of three broad construction categories monitored by the survey.
Housing continued to register the steepest rate of decline, but one that was the least marked since February 2023. Commercial activity shrank at its softest pace ...