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Construction 2001/02: downturn continues

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  • Volker Rußig

Abstract

The German construction sector was again marked by a strong downturn last year. In terms of construction spending, the downturn will worsen in 2001 and will still continue in 2002. Developments in the construction sector in west and east Germany show marked differences. According to projections of the Ifo Institute, construction spending this year in west Germany will decline by nearly 4% and by about 1½% in 2002; in east Germany construction spending will fall by 10% this year and by ca. 4% next year. In Germany as a whole, construction investment will decline by 5½% this year and by 2% next year. Thus, the construction sector will continue to be a major retarding factor for the recovery process in the economy.

Suggested Citation

  • Volker Rußig, 2001. "Construction 2001/02: downturn continues," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(18), pages 21-32, October.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:18:p:21-32
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    References listed on IDEAS

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    1. Hans-Werner Sinn, 2001. "Die Weltkonjunktur und die deutsche Wirtschaft," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(13), pages 18-28, September.
    2. Annette Weichselberger, 2001. "West German industry invests more in 2001 than planned," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(14), pages 23-31, October.
    3. Peter Jäckel, 2001. "Manufacturing industry in east Germany: will 2001 mark the first increase in investment in six years?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(13), pages 45-52, September.
    4. Karin Behring, 2001. "Infrastructure needs in east Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(09), pages 21-28, October.
    5. Wolfgang Nierhaus, 2001. "Will inflation eat up the tax cut bonus?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(12), pages 49-51, October.
    6. Bernd Bartholmai, 2001. "Schlechte Aussichten für den Wohnungsbau," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 68(3), pages 39-49.
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    Cited by:

    1. Reinhard Hild & Gernot Nerb & Volker Rußig & Uwe Christian Täger, 2001. "Ifo Industry Sector Colloquium: sectorally differentiated industry outlook to 2003," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(22), pages 22-31, December.

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    More about this item

    JEL classification:

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

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