AI Data Insight
The latest Q3 German Construction PMI surged to 48.7 from the previous 42.1, hitting an eight-month high and indicating a significant slowdown in the sector's contraction. Commercial construction activity returned to expansion for the first time in over a year, while the residential slump also eased. However, high interest rates and sluggish new orders remain headwinds to recovery, leaving builders cautious about the medium-to-long-term outlook.