German Building Industry Orders Fall In July

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Friday, a report by the German Federal Statistics Office said the value of new orders received by the building industry fell 8.4% on a yearly basis in July. In civil and underground engineering, orders fell 8%, and in building construction, it declined 9%.

The number of employees in the building industry totaled 698,000 in July, down 2.5% or by 18,000 from last year.

(Market News Provided by RTTNews)