Article in Journal

Construction (west):
Strong cooling of climate in civil engineering


ifo Institut für Wirtschaftsforschung, München, 2003

in: ifo Konjunkturperspektiven, 2003, 30, Nr. 04, 7-10

Decisive for the slight cooling of the business climate in the western German construction was again the considerably more pessimistic appraisal of the business outlook in civil engineering; the unsatisfactory current business situation in building construction and civil engineering remained unchanged. On average, production increased somewhat. At 62% equipment utilisation was a little higher than in March. The depth of order backlogs (2.4 months) remained unchanged, but the comparable previous-year level (2.5 months) was again not reached. Correspondingly, 60% of the contractors evaluated the order position as unsatisfactory.

JEL Classification: L740