German construction sector grows
A worker is seen behind scaffoldings at a construction site
Berlin - Arab Today
The German construction sector achieved its highest revenues since 2000 last year and new orders were at their strongest level since 1996, data showed on Friday.
Low interest rates, a strong labor market and a lack of other lucrative investments have created a construction boom, especially in home building, in recent years.
Revenues for firms with at least 20 employees rose by 7.4 percent to almost €72 billion ($76.27 billion), the sixth consecutive increase, data from the Federal Statistics Office (FSO) showed.
Construction industry associations expect sales to rise by 5 percent this year to hit the highest level since 1995.
Data published on Thursday showed rising construction helped the German economy quadruple its growth rate to 0.4 percent in the fourth quarter of 2016.
Source: Arab News
- Sunday ,02 December GMT 14:02 2018 RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fund
- Wednesday ,21 November GMT 07:56 2018 Merkel policies in focus in final debate on draft German budget
- Thursday ,08 November GMT 14:11 2018 Greek minister, Russian ambassador discuss possible investment projects
- Wednesday ,07 November GMT 11:15 2018 Top U.S. diplomat visits Pakistan to discuss economic cooperation
- Thursday ,01 November GMT 13:53 2018 Alrosa to sell 127 large gem-quality rough diamonds at an auction in Israel
- Tuesday ,30 October GMT 10:59 2018 Trade turnover between Russia and Japan grows by over 17% in 2018
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 07:27 2019 Tuesday ,20 August
Think of a new strategy and give you a variety of possibilities
GMT 05:03 2017 Monday ,10 April
Investors flock to macro hedge funds
GMT 09:06 2024 Thursday ,08 February
Meghan presents fashion award to wedding dress designer Waight Keller
GMT 17:47 2017 Monday ,09 October
Egypt's Khattab gets 11 votes
GMT 16:11 2016 Tuesday ,14 June
US Gas gains as hot weather seen stoking demand, trimming glutGMT 15:18 2012 Wednesday ,25 January
Energy Conservation in Our Artificial Habitats
GMT 08:19 2015 Monday ,14 December
Takanashi, Prevc on top in Russia
GMT 09:38 2017 Friday ,30 June
Tunisian security arrested 13 members
GMT 07:19 2017 Tuesday ,29 August
Indonesian becomes official Haj guest
GMT 18:53 2013 Friday ,23 August
Loic Remy is top signing for Newcastle
GMT 11:00 2017 Wednesday ,13 December
Beauty and lifestyle magazine seeks red eye make-up
GMT 13:08 2017 Saturday ,28 October
Al-Asbahy says team ready for finalGMT 04:29 2012 Tuesday ,17 April
Whitney Houston\'s ex denies drunk driving
GMT 08:49 2017 Thursday ,23 November
Study sees link between pollution
GMT 16:25 2014 Thursday ,06 March
Moammar Gaddafi\'s son Saadi in Libyan custodyGMT 04:51 2013 Tuesday ,07 May
Malawi austerity dulls Banda\'s lustre
GMT 07:08 2014 Monday ,03 March
Lupita Nyong\'o wins Oscar for supporting actress to her first film role
GMT 13:11 2012 Monday ,23 April
Danone may raise stake in Yakult to 28%GMT 20:11 2012 Tuesday ,13 March
Dubai one of competitive citiesGMT 00:20 2011 Monday ,22 August
Rebel officials: 2 of Gaddafi\'s sons arrested in TripoliGMT 20:33 2011 Thursday ,11 August
Etihad appoints Nepal country manager
GMT 22:31 2011 Tuesday ,23 August
Chinese bank ICBC heads to UAE trade
GMT 13:34 2015 Wednesday ,25 November
Jordanian king condoles with Tunisia president over suicide attack victimsGMT 10:20 2011 Monday ,26 September
Qantas hit by long weekend strike
GMT 11:04 2018 Sunday ,23 September
Egypt's foreign minister, UN envoy mull efforts to settle Syria crisisGMT 21:52 2012 Tuesday ,10 July
Phone app will navigate indoorsGMT 05:24 2012 Saturday ,07 January
Debt-wracked eurozone under pressure againGMT 13:33 2011 Friday ,16 December
Saudi real estate among world elite in 2012
GMT 13:05 2013 Thursday ,18 July
EU expecting concessions on antitrust concerns
GMT 00:12 2014 Thursday ,21 August
Seals not Columbus brought TB to AmericasGMT 07:10 2013 Monday ,25 March
Syrian rebels have seized Daraa air base
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor