Press Turnover in building completion work in the third quarter of 2022: -5.3% year on year

Press release No. 533 of 14 December 2022

Turnover in building completion work, third quarter 2022
-5.3% on the same quarter a year earlier (in real terms)
+11.0 on the same quarter a year earlier (in nominal terms)

Persons employed, third quarter 2022
+0.7% on the same quarter a year earlier

WIESBADEN – As reported by the Federal Statistical Office (Destatis), turnover in building completion work declined by 5.3% in real terms (price adjusted) in the third quarter of 2022 compared to the second quarter of the previous year. Due to the substantial increase in construction prices, however, nominal turnover was up by 11.0%.

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At the end of September 2022, the number of persons employed by building completion work entrepreneurs was up 0.7% compared to the level a year earlier.

Basic data and long time series are available in table Quarterly survey of building completion work (44152-0001) in the GENESIS-Online database.

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