Germany's Construction Industry: Stabilization on the Horizon

Bernd Bartholmai and Martin Gornig

Weekly Report, 2005, vol. 1, issue 35, 423-430

Abstract: The construction volume this year will reach a value of just under euro 230 billion _ a drop as compared to 2004 of close to 3%. At approximately 1.5%, the price increase should turn out somewhat higher than the previous year, which means the real construction volume will thus shrink by a good 4%. While the development during the first six months of this year was clearly on the decline, improved demand in the second half of the year makes a recovery likely. After many years of a downward trend, the construction industry could bottom out next year. Even if real construction of new buildings probably will not grow, at least the shrinking process is likely to come to an end. In particular commercial construction is a motor for growth.

Date: 2005
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.diw.de/documents/publikationen/73/diw_ ... e/diw_wr_2005-35.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwrp:wr1-35

Access Statistics for this article

More articles in Weekly Report from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().