Строительство
Germany’s construction industry, according to the Hauptverband der Deutschen Bauindustrie, expects a 3.5% drop in revenue in 2024, Kallanish reports.
In 2023, the industry’s revenue in real terms decreased by 5% y/y. The association notes that nominally, this figure increased slightly, but higher purchase prices for most materials should be taken into account. The volume of orders last year fell by 4.4% compared to 2022.
The decline was particularly noticeable in residential construction, where revenue in 2023 fell by 12% y/y. The figure is expected to fall at the same level this year.
A survey conducted by the German Chamber of Commerce and Industry in early January showed that 44% of companies expect another deterioration in the situation this year, which is the most pessimistic forecast since the financial crisis of 2009. Similar conclusions are presented in a survey by the IFO economic institute.
However, a recent study conducted by ING Bank notes that Germany still has a structural shortage of housing supply, so prices may recover without a significant improvement in volumes. However, high construction costs and unfavorable housing affordability make a strong market recovery unlikely.
As GMK Center reported earlier, production in the construction sector of the European Union in January 2024 decreased by 1% compared to the previous month. Compared to January 2023, the seasonally adjusted figure increased by 0.1%. This is evidenced by preliminary data from Eurostat.
Since 2022, global mining and steel company ArcelorMittal has been actively strengthening its scrap processing…
Ukrainian Railways (UZ) failed to hold a series of auctions for the sale of ferrous…
Thyssenkrupp is sticking to its plans to build a €3.5 billion green steel plant in…
As of June 20, 2025, September iron ore futures on the Dalian Commodity Exchange (DCE)…
The UK will reduce green taxes for thousands of businesses to lower high energy costs…
Global mining and steel company ArcelorMittal has begun a large-scale modernization of blast furnace No.…