Weakness In German Construction Industry To Persist
Infrastructure / Germany / Fri 17 Nov, 2023
Key View
- Germany’s construction industry faces a period of underwhelming real growth, below that of the wider Europe region. Between 2023 and 2027, we expect Germany’s construction industry to average annual real growth of just 1.7%, vs. 2.1% for Europe.
- While we would typically expect to see a greater degree of cyclicality in building