IDEAS home Printed from https://ideas.repec.org/a/diw/diwwrp/wr1-35.html
   My bibliography  Save this article

Germany's Construction Industry: Stabilization on the Horizon

Author

Listed:
  • Bernd Bartholmai
  • Martin Gornig

Abstract

The construction volume this year will reach a value of just under euro 230 billion _ a drop as compared to 2004 of close to 3%. At approximately 1.5%, the price increase should turn out somewhat higher than the previous year, which means the real construction volume will thus shrink by a good 4%. While the development during the first six months of this year was clearly on the decline, improved demand in the second half of the year makes a recovery likely. After many years of a downward trend, the construction industry could bottom out next year. Even if real construction of new buildings probably will not grow, at least the shrinking process is likely to come to an end. In particular commercial construction is a motor for growth.

Suggested Citation

  • Bernd Bartholmai & Martin Gornig, 2005. "Germany's Construction Industry: Stabilization on the Horizon," Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 1(35), pages 423-430.
  • Handle: RePEc:diw:diwwrp:wr1-35
    as

    Download full text from publisher

    File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.43893.de/diw_wr_2005-35.pdf
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:diw:diwwrp:wr1-35. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek). General contact details of provider: http://edirc.repec.org/data/diwbede.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.