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The construction sector in Germany remains largely defeated in the first quarter with small signs of optimism in general. All three sub -sectors continue to reflect the decreases in the activity. The only savings blessing in infrastructure spending plans, but that will take some time to play. HCOB notes that:
“The continuous decrease in the activity in the construction sector may be amazing at first glance, due to the planned special infrastructure fund 500 billion euros. But of course, it is too early to expect an increase in growth so far. What can be noted is that the future activity index has jumped. It is sorted and the new government is in place.
“In all fields, things do not seem great. Residential construction, commercial real estate, and civil engineering, all witnessed a faster decrease in activity in March. Housing activity is subject to greater pressure, followed by commercial real estate. Civil engineering has shown some signs of stability earlier this year, which must be what is expected in projects that must be useful more than that, which may be expected in projects Expected.
“The availability of subcontractors increased again, indicating a relatively low use of capabilities. This corresponds to the 60 % capacity use of Destatis. Once, this is good news for the German economy because it means that the planned increase in infrastructure will likely increase construction activity.
