Why recession is looming over German construction industry

Neil Gerrard Senior Editor, Construction Briefing

18 August 2023

Recession is looming over the construction market in Germany, as contractors and developers battle a combination of challenges exerting downward pressure on activity there.

Turnover among construction companies with 20 employees or more fell by 7.3% in real terms year on year in the January-May 2023 period, according to…

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