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German Building Industry Orders Decrease In May

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The total price-adjusted value of orders received by building construction and civil and underground engineering enterprises in Germany decreased 4.6% year-on-year in May, the Federal Statistical Office said Friday.

In building construction, demand decreased 6.8% and fell 2.6% in civil and underground engineering.

The number of employees in the building industry amounted to 690,000 at the end of May, down 18,000 or 2.6% compared with the previous year.

The total price-adjusted value of orders received by building construction and civil and underground engineering enterprises in Germany decreased 4.6% year-on-year in May, the Federal Statistical Office said Friday. (Market News Provided by RTTNews)

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