REUTERS signals the possible end of the long-time boom phase

Berlin, April 27th – REUTERS signals the possible end of the long-time boom phase for the German construction industry. Corona crises is expected to slow down business to stagnation in 2020. Though sales were going strong in January and February, the total turnover will only reach the level of 2019, this is what the Central Federation of the German Construction Industry (HDB) issued last Friday, April 24th. “Facing the growing number of reports of order cancellations, fewer calls for tender and restrictions to the construction activities, a growth in turnover is becoming unrealistic”, says HDB Managing Director Dieter Babiel. In December, the industry still announced a 5.5% growth. “Almost 60% of our members questioned are subject to Corona-caused restrictions”, Babiel said.

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