Germany's construction industry stagnates despite robust government aid

Posted on July 29, 2024   |  

Despite substantial government support and investment, Germany's construction sector remains stagnant, with no signs of recovery.

Germany's building industry has been in crisis for months, with recent data showing its continued poor performance.

In May, new build permits fell by 24.2% compared to last year.

Over the past two years, new build permits have dropped by 40%.

The construction sector's challenges persist, despite efforts to boost growth.