German construction is turning the corner, but slowly
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https://think.ing.com/articles/german-construction-is-turning-the-corner-but-slowly-hold-until-monday-sept-8th/
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German construction is turning the corner, but slowly
The desk's view is that while the German construction sector appears to be on a path toward gradual recovery, significant headwinds remain. According to the latest research from ING, growth is projected for 2026 and 2027, primarily driven by new housing and infrastructure investments. However, with construction output having contracted over 10% from 2020 to 2025, challenges such as high material costs and labor shortages will likely temper this rebound for the foreseeable future. Per the full note [source], the anticipated growth rates are modest, at 1% in 2026 and 2% in 2027, indicating a slow return to pre-pandemic levels rather than a robust recovery.