Germany's residential building permits higher

Friday, 15/07/2016 | 11:04 GMT-0

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Germany's residential building permits, in the first five months of 2016, escalated to 148,000, jumping 31% as per the latest economic data.

Germany's construction sector is a major contributor

Construction is one of the main boosters for the Europe's largest economy, the biggest growth contributor.

According to the Federal Statistics Office, construction will resume supporting growth, while the authorities have issued permits for 127,140 new residential units.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/germany-s-residential-building-permits-higher

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