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Germany's booming construction sector raises 2018 forecast

Reuters  |  BERLIN 

BERLIN (Reuters) - Germany's construction companies are benefiting from soaring demand for real estate, increased investments in buildings and higher state spending on infrastructure, the HDB industry association said on Wednesday as it raised its sales forecast. The construction sector body, which represents large industrial companies such as Hochtief, said it now expects nominal sales growth of 6 percent this year, up from the 4 percent it had projected in January.That would bring overall sales volumes close to levels last seen during the boom times after the reunification of East and West ...

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First Published: Wed, May 16 2018. 16:12 IST