Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/125492 
Year of Publication: 
2015
Citation: 
[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 5 [Issue:] 49 [Publisher:] Deutsches Institut für Wirtschaftsforschung (DIW) [Place:] Berlin [Year:] 2015 [Pages:] 639-648
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
The construction industry has been a key pillar of the German economy in recent years. New residential construction played a major part in this with the volume of new construction growing nominally by over 60 percent between 2010 and 2014. The development of construction work on existing residential buildings was less dynamic, however, with just under ten-percent growth between 2010 and 2014. A key reason for this is the declining volume of investment in energy-efficiency of residential buildings. Similar growth is anticipated for the German construction industry as a whole in 2015. Construction activity will continue to boost the economy into 2016. In addition to residential construction, commercial construction and sharp increases in the volume of public construction, largely triggered by the major refugee influx, are expected to provide a positive impetus. Gradually, the German government's plans to increase investment in transportation routes and municipal infrastructure should also start to have a palpable impact.
Subjects: 
construction industry
green retrofits
energy efficiency investment
economic outlook
JEL: 
E32
E66
Document Type: 
Article

Files in This Item:
File
Size
789.05 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.