| Autor: |
Leiss, Felix, Wohlrabe, Klaus |
| Předmět: |
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| Zdroj: |
Wirtschaftsdienst (00436275); Jul2024, Vol. 104 Issue 7, p503-506, 4p |
| Abstrakt: |
This article examines the recent downturn in Germany's housing construction sector, marked by a significant drop in business climate indicators. Key factors include material shortages, order cancellations, financing constraints, and a lack of new orders, which have worsened since the COVID-19 pandemic and the Ukraine war. A central driver for this development was the sharp and rapid increase of the ECB's key interest rate and the subsequently deteriorating financial conditions for house building. A comparison with other European countries is also provided. The outlook remains bleak, with continued pessimism expected in the housing construction sector. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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