Economic Buzz: Germanys Construction Sector Exapnds At Fastest Pace In Four Months

Germanys construction sector activity expanded at the fastest pace in four months in May, survey data from IHS Markit showed Wednesday. The construction Purchasing Managers Index rose to 53.9 in May from 50.9 in April. Any reading above 50 indicates expansion in the sector. The sector continued to rebound from a weather-related downturn at the end of the first quarter. New orders increased and construction companies continued to raise employment in order to expand capacity.