Orders in the main construction sector down again - Significant drop in civil engineering
After two consecutive increases, new orders in the main construction sector fell again significantly in September. According to the Federal Statistical Office, the real decline compared to the previous month was 7.3 percent. However, the development was split in two: While companies in building construction received 7.9 percent more orders, orders in civil engineering fell by a significant 18.8 percent.
This also has to do with the fact that incoming orders in civil engineering were particularly high in August due to several large orders. Compared to September 2022, real order intake rose by 13.2% overall - in building construction it was 12.6% and in civil engineering 13.8%.
According to the Federal Office, incoming orders for the first three quarters were down 5.6% in real terms compared to the same period of the previous year. This was mainly due to the very low level of incoming orders at the beginning of the year. There have also been problems with orders in residential construction in recent months.
Despite the decrease in overall orders, there's still potential for growth in the building construction segment with a 7.9% increase in orders. Conversely, the civil engineering sector experienced a significant drop of 18.8% in orders, leading to a minor decrease in the main construction sector's growth. This drop in civil engineering orders was partly due to the clear decline from the unusually high level in August, which was a result of several large orders.
Source: www.ntv.de
