Germany's construction sector finds itself facing a daunting challenge as it grapples with record order cancellations in the month of October. This alarming development has been largely attributed to the compounding effects of surging interest rates and relentless increases in construction prices.
Recent data reveals a concerning 22.2% of construction companies recorded canceled projects in October, marking a significant increase from the 21.4% reported just a month prior. To make matters worse, the proportion of construction companies experiencing a severe lack of orders rose to 48.7% in October, compared to 46.6% in September
I've heard similar accounts out of Canada.
Wouldn't be a surprise. Fidel Trudeau is doing a great job!
Unless you know what he's trying to do, it's hard to evaluate how well he's doing.
He is the king of clown world. This should be enough
I see you post about Germany a lot, any idea much the Nordstream sabotage has affected people in the area?
Mmmmh. It's hard to calculate but it contributed to the rising energy costs surely. But it's a done deal nobody is investigating any deaper.
Yeah, greedy people.
Inflation has nothing to do with money printing!