April 17: New construction orders in Germany hit 20-year high

April 2017

The Federal Statistical Office reports that new orders in Germany’s main construction industry in December 2016 increased 0.5 percent on November 2016 (price-, season-, and working-day-adjusted). The more stable three-month comparison for orders from October to December 2016 showed adjusted growth of 8.9 percent over July to September 2016. For the entire year, adjusted orders were up 13.0 percent over 2015.

In nominal terms, orders in December 2016 were up 7.5 percent on December 2015, while over the entire year, orders were up 14.6 percent on 2015. 2016 saw new orders worth EUR 67.8 billion, the highest level in 20 years (1996: EUR 72.3 billion).

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Federal Statistical Office press release

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