Friday, the German Federal Statistical Office said in a report that the total price adjusted value of orders in the building industry dropped 17.5% year-on-year in February, after falling 24.4% in January.

Value of orders fell 23.7% in the building construction industry and 10.3% in the civil and underground engineering industry in February.

Meanwhile, the total number of employees stood at 666,000 in February, representing a decline of 1.8% from the previous year.

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