The construction companies in Germany have full order books, but at the same time are struggling with the shortage of materials. For the future, the lobby is demanding demand impulses from politics.
Despite the sharp rise in construction prices, the German construction industry received a large number of orders in August. The value of the orders was 18.9 percent higher than in the same month last year, as reported by the Federal Statistical Office.
Adjusted for calendar effects and the sharp price increases, there was still a real plus of 5.7 percent. Compared to July 2021, orders rose by 7.3 percent, even if calendar and seasonal effects as well as price developments are factored out.
The continuing shortage of materials continues to slow down companies, said the general manager of the construction industry association, Tim-Oliver Müller. Since the orders could only be processed slowly, there was a price-adjusted sales decline of 2.9 percent in August. In nominal terms, however, sales rose by 6.8 percent compared to the same month last year.
The Central Association of the Construction Industry referred to weak base values from the Corona year 2020 to at least partially explain the strong increase in demand. Commercial companies in particular ordered more construction work than in the previous year, while public customers held back.
The general manager of the ZDB, Felix Pakleppa, demanded impulses from the construction industry in the negotiations on the traffic light coalition. The construction industry is ready to lend a hand – whether with the renewal of the infrastructure or the energetic renovation of the existing building stock.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
