DUBLIN--(BUSINESS WIRE)--The "Germany Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The construction industry in Germany is in a dire state, with output now expected to shrink by 3.2% in real terms in 2022 (down from the previous estimate of a 1.6% fall).
This industry has been severely impacted by economic headwinds caused by the ongoing energy crisis, high construction materials costs, rising inflation, and labor shortages. The industry is expected to further shrink by 3.5% next year; the fall in the number of building permits issued, and the i