Article in Journal

Construction (west):
Business climate worsens in civil engineering


ifo Institut für Wirtschaftsforschung, München, 2003

in: ifo Konjunkturperspektiven, 2003, 30, Nr. 09, 5-8

In the western German construction industry the business conditions deteriorated once again; this affected both building construction and civil engineering. In the business outlook an increased pessimism was reported in civil engineering whereas pessimism weakened somewhat with respect to building construction. Equipment utilisation declined as construction output fell but at 58% was still above the corresponding previous-year value. Order reserves (2.2 months) remained unchanged, but more firms now regard them as inadequate.

JEL Classification: L740