MIL OSI Translation. Region: Germany / Deutschland –
Source: Destatis Federal Statistical Office
Press release No. 420 from October 23, 2020
Incoming orders in the construction industry, August 2020 + 3.4% on the previous month (real, seasonally and calendar adjusted) -0.3% on the same month last year (real, calendar adjusted) -0.3% on the same month last year (nominal)
WIESBADEN – According to the Federal Statistical Office (Destatis), real (price-adjusted) incoming orders in the construction industry were 3.4% higher in August 2020 than in July 2020, seasonally and calendar adjusted.
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Adjusted for the calendar, real order intake in the construction industry in August 2020 was 0.3% lower than in August 2019. In the first eight months of 2020, real order intake fell by 3.3% compared to the same period of the previous year.
Incoming orders in the construction industry totaled around 6.6 billion euros in August 2020. That was nominally (not price-adjusted) 0.3% less than in August 2019. Compared to the same period of the previous year, incoming orders in the first eight months of 2020 fell nominally by 0.5%.
The different comparison periods must be taken into account in all reports on economic indicators. The focus of the economic observation is the comparison with the previous month / quarter. The short-term economic development can be read from this. The comparison with the previous year serves a longer-term level comparison and is independent of seasonal fluctuations. In the current Corona crisis, the strong declines, especially in March / April 2020 and the slow recovery since then, can lead to very different results compared to the previous month / quarter and the previous year. Both perspectives are important: How is the economic development compared to the previous month / previous quarter comparison, and how far is the catching-up process compared to the previous year’s level?
The monthly report in the construction industry covers businesses of companies with 20 or more employees. Further methodological information can be found in the Explanations of the statistics and the Explanation of seasonal adjustment, as well as in the Quality reports to the construction industry.
Additional information Basic data and long time series on the construction industry can be found in the tables Monthly report in the construction industry (44111) in the GENESIS-Online database and under the heading Business indicators can be accessed.
The results of incoming orders in the construction industry are, in addition to other indicators for classifying the economic consequences of the corona pandemic, on the special page Corona statistics available on the website of the Federal Statistical Office.
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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.