New orders in German construction down 1.5 percent in Feb from Jan

Tuesday, 26 April 2016 14:41:51 (GMT+3)   |   Istanbul
       

In February this year, the total price-adjusted value of new orders in the overall German construction industry decreased by 1.5 percent month on month and rose by 14.5 percent compared to February 2015, as announced by the German Federal Statistical Office (Destatis).
 
In February of the current year, the total turnover in the overall German construction industry rose by 12.3 percent year on year and increased by 33 percent month on month.
 
Meanwhile, in the first two months of this year the total price-adjusted value of new orders in the overall German construction industry increased by 13.6 percent on year-on-year basis. In the period in question, the total turnover in the overall German construction industry grew by 5.9 percent year on year.

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