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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Building Costs Soar In German Regions
Underlining the burgeoning costs across Europe in the building sector, the German state of Saxony notes costs for the construction of new buildings rose 15.7% year-on-year in August, the highest annual increase on record in the region. The magnitude of price rises in recent months is highlighted by comparison to the previous quarterly reporting period in May, when prices rose by 'just' 8.8% y/y.
A broader picture of price pressure on the building sector in Germany and across Europe will be available later Wednesday, when the September regional construction PMI data are released.
The costs for the industrial sector across the EZ, closely watched by the ECB, rose to a record high in August, according to the data published by Eurostat Tuesday (MNI BRIEF: EZ Factory Gate Prices At Record High ).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.