Fewer orders in the construction industry
In November 2014 new orders in the construction industry were 8.5% down on the figure for November 2013, allowing for price changes.
However, the German Federal Bureau of Statistics (Destatis) has revealed that one reason for the steep drop in the month under report is that new orders were particularly high in November 2013.
Therefore building demand fell by 7.3% in building construction and by 10.0% in civil engineering.
In the first eleven months of 2014 new orders fell by 1.6% in the construction industry in comparison with the same period in the prior year.
The combined turnover of the construction industry amounted to about EUR 59.6 bn from January to November 2014 (+5.0 % compared to the prior year).
The average number of employees rose by 1.2 %.