Further growth in building activity in March

As the Central Association of the German Construction Industry has reported, the upturn in building activities to be observed in February continued further into March.

This is to be attributed to the mild weather conditions on the one hand and growing demand on the other, the latter aspect in particular having made the difference to last year.

The business situation in residential and commercial construction continues to be assessed mainly as “good”. In public works contracts assessments remain cautious, especially with regard to civil engineering, whereas improvements are on the cards in public building construction.

The companies are looking forward to a growing business performance in the coming months, although the anticipated price development for building services will not keep pace with these expectations. On balance there appear to be no possibilities here of pushing through higher prices on the market.