German construction industry recorded a decline in new orders of 7.4 percent compared to December. Sales also fell noticeably and fell by 5.3 percent in real terms compared to January 2023.
Housing construction in particular is suffering from falling demand and rising costs.“Disastrous situation”: Housing construction is sliding ever deeper into crisis.. As of: April 1, 2024, 12:08 p.m By: Lisa Mayerhofer, Marcel Reich CommentsPressSplit The German construction industry is starting the new year weakly.