Construction sector order numbers remain stationary or unchanged
Germany's Construction Sector Sets October Record in Orders in 2020
The construction sector in Germany achieved a historic milestone in October 2020, with the highest value for new orders ever recorded in an October, according to the Federal Statistical Office (Destatis). The value of new orders in October 2020 was approximately 7.1 billion euros, marking a 4.5% increase compared to October 2019.
However, the institution that awarded the construction contract in October 2020, which set this record, was not explicitly mentioned in the search results. Notably, Deutsche Bahn's projects such as Stuttgart 21 and the Second Stammstrecke are significant large-scale projects at that time, with Deutsche Bahn being a key public client for major construction orders in Germany.
Despite the overall increase in October 2020, the construction sector's order intake in the first ten months of 2020 was nominally 0.4% lower compared to the same period in 2019. This decrease was not seasonally or calendar-adjusted. In contrast, compared to October 2019, the sector experienced a 2.1% increase.
The Federal Statistical Office (Destatis) announced the October 2020 construction sector's order intake on Wednesday, but no specific details about the types of construction projects or regions involved were provided. The construction sector's order intake in October 2020 was 0.1% higher compared to September 2020, indicating a steady growth trend.
It's important to note that no record highs for the construction sector's order intake were reported for the first ten months of 2020 in the current paragraph. Additionally, the construction sector's order intake in the tenth month of 2020 was higher than in any October since records began, making it a significant achievement for the industry.
The exact identity of the institution that awarded the highest-value construction order in October 2020 remains undisclosed, but the growth in the construction sector's orders, particularly in October, suggests a positive outlook for the industry in Germany.
