BERLIN Feb 24 The German construction sector
achieved its highest revenues since 2000 last year and new
orders were at their strongest level since 1996, data showed on
Friday, in a further sign of the strength of this sector of
Europe’s largest economy.
Low interest rates, a strong labour market and a lack of
other lucrative investments have created a construction boom,
especially in home building, in recent years.
Revenues for firms with at least 20 employees rose by 7.4
percent to almost 72 billion euros ($76.27 billion), the sixth
consecutive increase, data from the Federal Statistics Office
Construction industry associations expect sales to rise by 5
percent this year to hit the highest level since 1995.
In 2016 construction firms received 67.8 billion euros’
worth of orders – 14.6 percent more orders in nominal terms…