India, June 4 -- Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday.
The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.
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The index has remained below the 50.0 no-change mark signalling a marked rate of contraction.
There was broad-based decline in the construction sector. Housing activity posted the steepest fall followed by commercial activity. Work on civil engineering projects dropped for the first time in seven months.
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