30
May
16:25
German construction outlook deteriorates after already weak quarter
Orders at German construction companies in the first quarter were 18% lower than in the corresponding 2022 period, according to their association, Hauptverband der Deutschen Bauindustrie (Bauindustrie).
The year-on-year dip was especially pronounced for residential construction, at nearly 40%, which could not be balanced by commercial or public projects, says Bauindustrie managing director Tim-Oliver Müller. The drop in orders foreshadows a drop in revenue, w…
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Anonymous
Very good overview of the weekly steel market.
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