New orders in German building construction rise in November

Tuesday, 24 January 2012 11:24:50 (GMT+2)

As reported by the German Federal Statistical Office (Destatis), the total price-adjusted value of orders received by building construction and civil and underground engineering enterprises in Germany increased by 12.5 percent in November 2011 from the same month of the previous year.

In November, building construction demand increased by 19 percent, while demand in civil and underground engineering was up by 5.1 percent, both on year-on-year basis. The total turnover in building construction amounted in November 2011 to around €9.8 billion, increasing by around 10.5 percent compared to November 2010.

Meanwhile, in the first 11 months of 2011 the total price-adjusted value of orders in the construction industry increased by 3.7 percent over the corresponding period last year. During the January-November period of 2011, the total turnover of the German construction industry amounted to approximately €84 billion, with an increase of 11.3 percent over the first 11 months of 2010.

 previous article  /  next article