German construction sector continues to slim down this year

The German construction industry will continue to slim down this year. According to ZDB President Karl Robl production will further decrease by between 2% to 4%. Last year a 6% decline was realized.

The German construction sector, in which Dutch companies have major shares, has been developing poorly ever since the early nineties. Robl predicts a declining in private housing construction of 4%. Offices and industrial real estate will grow by 1%, whereas public works will show a slight decrease.

(source: Deutsche Presse-Agentur)

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