Germany‘s construction sector in the second quarter: restrained demand
The cyclical trend in Germany‘s construction sector is still guarded. As reported by the German Building Contractors‘ Association, the number of new construction orders received during the second quarter of 2010 was just a nominal 0.5% above the previous year‘s quarter (June alone: +0.7%). Thanks only to good business during the first quarter did the contractors manage to close out the first half of the year with a 4.2% gain in orders volume.
Turnover during the second quarter had still to fully recover from the year‘s early slump caused by adverse weather conditions. In fact, the industry‘s...
