Wednesday, a report by the German Federal Statistical Office said the total price-adjusted value of orders received by the building industry fell 24.4% year-on-year in January.

The value of orders in building construction dropped 30.9% annually in January, while it fell 16.8% in civil and underground engineering.

Meanwhile, the number of employees in the building industry slipped 1.4% or 10,000 persons in January to 671,000.

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