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

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

There was a noticeable decline in the number of employees in the construction industry in Saxony-Anhalt at the end of June 2024. In total, only 29,299 people worked in the 2,666 companies involved in civil engineering and preparatory construction site work. This corresponds to a decrease of 36 companies, which is 1.3 percent less than in the previous year Magdeburg News reported. The decline is particularly dramatic in companies with 10 to 19 employees, where 27 fewer companies were reported, which corresponds to a decrease of 6.0 percent. Sales in the industry also fell, and total sales for June amounted to 387.6 million euros, a nominal decrease of 2.8 percent year-on-year.

Economic data in focus

The data from the annual survey in the construction industry shows that 41.9 percent of 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 decrease 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. Total sales in 2023 were slightly above the previous year's level at 4,474.7 million euros, but the increase in productivity of only 1.7 percent indicates stagnating growth in the construction industry.

The situation in the manufacturing sector, which plays an important role in the German economy, is also particularly relevant. Loud Destatis The monthly indices for new orders and production output show the urgency of closely monitoring economic developments. The statistics that result from orders within Germany and abroad enable a differentiated analysis of the industry and are crucial for decision-making in economic policy.