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On a long-term basis no unfavourable outlook for commercial construction in Germany

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  • Erich Gluch

Abstract

The German construction industry has experienced a decade of declining construction demand: in 2004 real construction volume reached only 78% of the value of 1994. Also in 2005 a lasting improvement is not in sight. In the medium and long term, however, a moderate upward trend will set in. This is the result the of the fourth edition of the Ifo Institute's construction forecast for Germany. The volume of commercial construction, at €72 billion in 2014 (at prices of 2000), will be 11% higher than the value of 2004. Civil engineering will increase in the forecast period a little less strongly (ca. 9% to €22.3 billion in 2014) than structural engineering (just 12% to €50 billion in 2014). In residential construction in the same 10-year period, construction volume will increase by only 8½% and in public-sector construction by only 8%.

Suggested Citation

  • Erich Gluch, 2005. "On a long-term basis no unfavourable outlook for commercial construction in Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(04), pages 42-48, February.
    • Handle: RePEc:ces:ifosdt:v:58:y:2005:i:04:p:42-48
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    File URL: https://www.ifo.de/DocDL/ifosd_2005_4_6.pdf
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    Cited by:

    1. Karin Behring, 2005. "Residential construction: Will only replacement demand be met in the long-term?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(05), pages 34-41, March.

    More about this item

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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