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03 Mar

German benders hunt orders as construction outlook darkens

Following the slowdown in construction activity in 2022, Germany construction industry association Hauptverband der Deutschen Bauindustrie (“Bauindustrie”) predicts business to become even harder in the current year. Revenue last year fell by 5% from 2021, and the last months of the year accelerated the downward trend, with December seeing a 10% on-year drop. Order intake saw figures falling even steeper, with a drop of 10% for the full year, and as mu…
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