German Construction Orders Rise In December
Thursday, 23 February 2012 | 00:00
New orders in the German construction industry increased from last year in December, data released by the Federal Statistical Office showed Wednesday.
New orders in construction firms with 20 and more employees climbed 14.1 percent year-on-year in December. Orders of building construction rose 16 percent annually, while civil engineering construction advanced 11.8 percent during the month.
In the year 2011, new orders in the construction sector rose 4.4 percent from the previous year. Orders of building construction increased 9.3 percent, while civil engineering construction edged down 0.6 percent.
At the same time, turnover in the German construction industry increased sharply by 24.6 percent year-on-year in December. In the whole of 2011, construction turnover advanced 12.5 percent from last year, the agency said.
Source: RTT News
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