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Financial News: Germany Construction Orders Fall In April

Germany Construction Orders Fall In April

06/25/2019 - 03:49:00 (RTTNews)

(RTTNews) - Germany's construction orders declined in April from the previous month, data from Destatis showed on Tuesday.

The price-adjusted orders in construction industry decreased by a seasonally and working-day adjusted 1.7 percent month-on-month in April.

This decline was due to the high order intake last month on the back of particularly good development, the agency reported.

Compared to the previous year, price-adjusted order intake in the main construction industry increased 6.4 percent in April.

From the January to April period, construction orders advanced 7.5 percent from the same period last year.

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