Germany Markit Oct construction PMI 53.3 vs 53.4 prev

Germany Markit Oct construction PMI just out 7 Nov

  • New orders increase more slowly amid reports of
    full utilisation of resources
  • Strong rate of job creation maintained as firms
    look to boost capacity
  • Intense supply chain constraints contribute to
    sharp rise in input costs

Says Markit:The German construction sector maintained a solid
rate of growth at the start of the fourth quarter,
despite intense capacity pressures, according to
the latest PMI®
survey data from IHS Markit. Total
industry activity rose at a pace little-changed since
September, as a pick-up in homebuilding offset
slower growth in commercial and civil engineering
activity.
Meanwhile, rising demand for building materials
acted to increase the strain on supply chains. The
incidence of delivery delays was one of the greatest
seen for over a decade, while purchase price
inflation was pushed to a six-and-a-half year high.
Full report here
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