Germany December construction PMI 37.0 vs 36.2 prior

<p>This is still a very poor reading as it still reflects that the German construction sector remains deep in contraction territory to end the year. Employment is also cut and that could feed further into labour market weakness going into this year, especially if manufacturing conditions remain in recession as well. Housing activity may show a slight rebound but it remains at extremely depressed levels with all three sub-sectors also in contraction:</p>

This article was written by Justin Low at www.forexlive.com.