German Construction Orders Jump 11.3% in June as Employment Reaches 545,000
Updated
Updated · Yahoo Finance · Aug 25
German Construction Orders Jump 11.3% in June as Employment Reaches 545,000
2 articles · Updated · Yahoo Finance · Aug 25
Summary
June orders in Germany’s main construction sector rose 11.3% from a year earlier, while price-adjusted revenue increased 6.6%, the statistics office said.
Large-scale contracts and federal spending on roads and rail helped drive gains in both structural engineering and civil engineering, with orders also rising strongly in the April-June period.
Employment climbed 1.5% year on year to about 545,000, reinforcing signs of firmer activity across the sector.
Industry group ZDB called June a strong month, especially for road construction and public buildings, but said a volatile first half means it is too early to declare a full turnaround.
Residential building remains weak under high interest rates, though permits rose just over 15% in the first half—the strongest growth for that span since 2016.