Euroconstruct again adjusts forecast upwards

The construction research network Euroconstruct is expecting 1.793m completed living units in Europe in the current year, according to the forecast presented at the latest summer conference held in Warsaw. At the previous winter conference, the anticipated number of completed units, at 1.926m, had still been around...

In May 2022, approvals for living units in new residential buildings in Germany declined by 2.0% vis à vis the comparative month of the preceding year to 27,626 (May 2021: 28,199) units. Approvals had also declined in February (-7.9%) and March (-9.3%). In January (+9.4%) and April (+5.7%), by contrast, the previous...

In June 2022, 11.5% of German structural engineering companies recorded order cancellations, according to a survey conducted by the ifo Institut (Munich). In May, the proportion of affected companies had amounted to 13.4% - the highest level of the current year. After 4.6% of the surveyed companies had reported...