New orders in German construction industry up 5.5% in H1

Friday, 24 August 2012 10:43:06 (GMT+3)   |  

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 four percent in June this year, compared to the same month of the previous year.

In June, building construction demand decreased by 5.3 percent, while demand in civil and underground engineering was up by 2.8 percent, both on year-on-year basis. The total turnover in building construction amounted in June this year to around €8.5 billion, indicating an increase of 6.4 percent compared to June 2011.

Meanwhile, in the first half of the current year the total price-adjusted value of orders in the construction industry increased by 5.5 percent over the corresponding period of the previous year. In January-June, the total turnover of the German construction industry amounted to approximately €39 billion, with a decrease of 0.5 percent from the same period of 2011.


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