Article in Journal
Construction (east):
Business climate again worsens
ifo Institut für Wirtschaftsforschung, München, 2001
in: ifo Konjunkturperspektiven, 2001, 28, Nr. 07, 21-24
In east Germany the business situation cooled in both building construction and in civil engineering. Here, too, contractors reported an expansion of order reserves (2.0 months) and a decline in equipment utilisation (64%). In west Germany, firms expect construction prices to remain stable but in east Germany further weakening is expected. More lay-offs are likely in both survey areas.
JEL Classification: E300,L740