German construction companies continue to lose orders

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ifo/Fordaq
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In July 2022, there were still significant order cancellations in German residential construction. According to the ifo Institute, the proportion of companies affected was 11.5%, after 12.3% in the previous month. In May, the proportion was still 15.8%.

The material bottlenecks – which had worsened drastically with the Russian invasion of Ukraine – are only slowly easing. In July, 45.6% of companies in residential construction still reported delivery problems. In the previous month, the share was 47.6%. The development is currently losing some of its momentum, but many of those surveyed still expected further price adjustments in the coming months. Price expectations were at 54.0%, after 61.5% in the previous month.

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