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Construction

Theme in brief

Building activity

The statistics on building activity deal with building permits, construction work completed in building construction, work under construction at the end of the year, demolition of buildings and current adjustment of the stocks of residential buildings and dwellings.
The results of the statistics on building activity are very important as early indicators of the short-term economic development.

IN FOCUS / 2015-12-01

Low interest rates - more building permits

The number of building permits has steadily increased since the end of 2009. In 2014, the number of building permits for dwellings reached an eleven-year high of 285,100. Compared with a year earlier, this was an increase of nearly 5%.

The positive trend continued between January and September 2015. In that period, building permits were granted for 222,800 dwellings, just under 5% more than in the first nine months of the previous year. One reason may have been that the extremely low interest rates made building especially attractive in financial terms. Besides, real property is considered an interesting investment opportunity in times of low savings interest rates. This is especially true for the cities where housing supply is becoming increasingly tight.

The rising number of building permits in turn has effects on the construction industry. Compared with a year earlier, the turnover of the main construction industry (local units of enterprises with 20 or more persons employed) increased in 2014, by 4.4% to 65.1 billion euros.

Tables

Construction industry
Short term surveys

Construction industry: Short Term Surveys

Main construction industry and finishing trades

Volume index of orders received in main construction industry

Index of orders on hand in main construction industry

Additional Information

Key figures

Press

Piktogramm Presse

For current press releases on the theme of construction please go to our press pages.

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