Economic Buzz: German Construction Activity Growth Halts In July

German construction Purchasing Managers Index came in at 50.0 in July, down from 53.0 in June, survey data from IHS Markit showed Monday. Any reading above 50 indicates expansion, while a score below 50 suggests contraction in the sector. Construction activity growth halted in July on a renewed downturn in civil engineering amid slower growth in commercial and housing activity.