Germany: Non residential building permits continue to rise

In July2017, the German non residential building permits were 3.182.000m². This is 14,60% over 2016´s annual average and the highest value since September 2016. When compared to the last 10 years the value peaked at 4.002.000m² in July 2008 and the lowest value was 1.734.000m²  in January 2010. In comparison to the year before the value increased by 15,80% and in comparison to the last period the value increased by 2,80%. Overall the upward trend after the 2015 low continues, B+L  is expecting the annual average of NRB permits to increase by another 5% in 2018.