German Construction Activity Declines Again, But Rate of Decline Slows

Construction activity in Germany continued to decline, marking another month of contraction in the sector. However, the pace of the downturn has moderated compared to previous periods. The improvement was primarily driven by developments in civil engineering projects, which helped offset some of the negative trends affecting the broader construction industry. Germany's construction sector has been facing headwinds from higher interest rates, elevated material costs, and reduced demand for both residential and commercial projects.