Germany November construction PMI 38.0 vs 40.2 prior ...Middle East

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Germany November construction PMI 38.0 vs 40.2 prior
That's the weakest reading in seven months and it reaffirms the ongoing recession in the construction sector as well in Germany. The decline in new orders accelerated while there was also a marked deterioration in expectations for the coming year. HCOB notes that:“Against the backdrop of the political crisis, November has been a rough month for the construction sector, with things taking an even steeper dive. Particularly dramatic is the seven-point decline in the index of future activity. Adding to the gloom, material prices went up for the first time since March, which probably didn't help the mood. The faster drop in new orders signals that the construction sector's recession is not going

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