Construction industry records rising sales and income

Mon 22nd Aug, 2022

Photo by Ãmit YildirimConstruction is still booming in Berlin and Brandenburg, and at the same time it is more expensive than ever before - which is also reflected in the balance sheets of construction companies.

Both sales and new orders in the main construction sector are on the rise, as are employees' incomes, according to data from the Berlin-Brandenburg Statistics Office.

Berlin construction companies with 20 or more employees posted 16.1 percent more sales in the first half of the year than in the same period last year, the office reported Monday. In Brandenburg, the figure was 7.4 percent. At the same time, the value of orders that came in during the first half of the year grew: in Berlin by 11.7 percent, in Brandenburg by 24.1 percent.

Total wages paid increased more strongly than the number of employees in both countries from January to June. This was due to pay rises and one-off payments agreed in the fall.

Construction prices have recently risen more sharply than ever before, as the office reported in June. One factor here is that many raw materials and energy became more expensive.



Photo by Umit Yildirim


China's Export Restrictions Drive Europe to Accelerate Rare Earth Initiatives in Luleå

The European market for rare earth elements is facing increased pressure following China's recent implementation of export controls on these critical materials. As a result, European companies are...

EU Introduces New Customs Fee on Packages from Shein and Temu

The European Union is set to implement a new customs charge on small parcels imported from online retailers such as Shein and Temu. This regulatory move, which will take effect from July 1, 2026, aims...

Nobel Laureate Philippe Aghion Highlights Need for Increased Green Industrial Support in Europe

The landscape of the European economy is currently defined by a tension between established industries and emerging innovators, as the continent navigates a transformative era marked by rapid...

EU Reaches Final Negotiations on Naming Restrictions for Plant-Based Meat Alternatives

The European Union is moving closer to a decision on whether plant-based meat substitutes can continue to use traditional names such as 'burger', 'schnitzel' or 'sausage'. This issue is subject to...

Austria's Financial Regulators Prepare for Emerging Risks in Tech and Crypto Sectors

Austria's financial regulatory authorities are intensifying their efforts to address new and complex risks emerging within the financial markets. Key areas of focus include the rapidly evolving...

Austria Introduces Digital Receipts to Streamline Business Transactions

The Austrian government has announced a new initiative designed to reduce the reliance on paper receipts within the retail sector. This measure, part of a comprehensive package focused on modernizing...

More Quick Read Articles »
German PKV Insurance

German Private Health Insurance

Both private Health Insurance in Germany and public insurance, is often complicated to navigate, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

Events

Upcoming Events

Der verschwundene Wunschzettel

Join us for an enchanting Christmas adventure at the Münchner Marionettentheater! Experience the marionette play 'Der verschwundene Wunschzettel' by Siegfried Böhmke, featuring our beloved Kasperl Larifari and his little friend Stupsi. As Christmas approaches, both Kasperl and Stupsi have prepared...