Construction industry in Saxony-Anhalt: decline in employees and sales!

Construction industry in Saxony-Anhalt: decline in employees and sales!

In the Saxony-Anhalt construction industry, there was a noticeable decline in the number of employees at the end of June 2024. A total of only 29,299 people worked in the 2,666 companies in building and civil engineering as well as the preparatory construction site work. This corresponds to a decline of 36, which is 1.3 percent less than in the previous year, as reported Magdeburger News The decline in companies with 10 to 19 employees is particularly dramatic, where 27 companies were reported less, which corresponds to a minus of 6.0 percent. Sales in the industry also fell, and the total turnover for June was 387.6 million euros, which nominally represents a decrease of 2.8 percent in the previous year.

economic data in focus

The data from the annual survey in the construction industry show that 41.9 percent of the employees work in small businesses with a maximum of 19 employees. These companies generated sales of 165 million euros in building construction, which corresponds to a decline of 10.6 percent compared to the previous year. In contrast, sales in civil engineering rose by 3.9 percent to 222.6 million euros. The total turnover in 2023 was slightly above the level of the previous year at 4,474.7 million euros, but the increase in productivity of only 1.7 percent indicates stagnating growth in construction.