Construction activity in Germany increases for first time since 2022

Neil Gerrard Senior Editor, Construction Briefing

07 January 2026

Construction work over the Kiel Canal in Germany Construction work over the Kiel Canal in Germany (Image: snapshotfreddy via AdobeStock - stock.adobe.com)

Construction activity finally returned to growth in December, for the first time since March 2022, according to a new survey of construction buyers.

The Hamburg Commercial Bank (HCOB) Germany Construction Purchasing Managers’ Index (PMI) rose to 50.3 in December (where any score above 50.0 indicates a growth in activity), up from 45.2 in November.

Increased civil engineering activity boosted the figures, as the segment registered its strongest rate of expansion since March 2011.…

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