Press release No. 100 of 14 March 2023
Turnover in building completion work, 2022
-4.8% on the previous year (in real terms)
+10.8% on the previous year(in nominal terms)
Fourth quarter of 2022
-8.1% on the same quarter a year earlier (in real terms)
+8.3% on the same quarter a year earlier (in nominal terms)
Persons employed, 2022
+0.8% on the previous year
Fourth quarter of 2022
+0.6% on the same quarter a year earlier
WIESBADEN – Turnover in building completion work declined by 4.8% on a real basis (price adjusted) in 2022 compared with 2021. Allbranches of building completion work were affected by this decline in turnover in 2022. Due to the substantial increase in construction prices, nominal turnover was up by 10.8%. Based on provisional results, the Federal Statistical Office (Destatis) also reports that the number of persons employed in 2022 increased by 0.8% on a year earlier.
Turnover in real terms down by 8.1% in the 4th quarter of 2022 year on year
In the fourth quarter of 2022, real turnover in building completion work was 8.1% lower than in the fourth quarter of 2021 (+8.3% on a nominal basis). Thereforce the decline in sales has continued at an accelerated pace in the year to date. In the first quarter of 2022, sales were up 1.0% on the same quarter of the previous year, while in the second and third quarters they fell by 2.4% and 3.4% respectively.
The number of persons employed in building completion work rose by 0.6% in the fourth quarter of 2022.
Basic data and long time series are available in table Quarterly survey of building completion work (44152-0001) in the GENESIS-Online database.
