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13 Jul
16:30

German construction orders decline for 13th month

Germany’s construction companies are pessimistic in their mid-term outlooks, expecting business to weaken further in the second half of the year, says association Hauptverband der Deutschen Bauindustrie (Bauindustrie). It cites a poll in which 39% of all construction companies surveyed anticipate negative development. When asking residential construction companies, that number rises to 57%. That segment has been hit the hardest by inflation and rising intere…
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