German construction federation HDB says orders are picking up
Some news to go alongside the Eurozone construction data just posted.
HDB is a German body for the construction industry and they've confirmed their forecast for a 2% rise in sales for 2015. They say that sales are up 3.0% in Q1 which has helped order books fill up further.
Residential construction is primed to lead the way in 2015 with expected sales of 3.0% while business construction is set to rise 1.5%
For those that want the German government to spend more, an increase in investment from the government has seen the HDB raise public sector construction growth to 1.5% from 1.0%
As Germany is seen as the growth engine for Europe, news like this underpins the view that Europe might finally see some sort of recovery
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