Construction industry sees record order intake
The construction industry in Germany received 8% more price-adjusted orders in this year’s 1st quarter than in last year’s. In absolute figures, the increase even amounted to 14.3% for companies with more than 20 employees. Orders in the residential sector saw stronger-than-average growth at +16%, while commercial building construction grew by 14%. March alone achieved an increase of 16.7% from last year to €8.2bn, the highest value of orders ever measured in Germany for the month of March.
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