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Order intake in Germany’s construction industry in September was down 23% on the corresponding 2021 month, Kallanish learns from construction association Hauptverband der Deutschen Bauindustrie (Bauindustrie). This marks an aggravation over August, when the association already lowered its forecast for full-year 2022, but the year-on-year dip was still only 5%. For the first nine months, the y-on-y dip is 7%, in nominal terms, as the figure is price-adjusted …
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