Conjoncture Flash November 2023: Downturn in construction
Falling demand on the real estate market is having a negative impact on construction activity. Economic indicators for this sector show a clear deterioration, with construction of buildings experiencing a particularly sharp downturn.
- Confidence remains low despite some positive signals
- Less favourable weather conditions in Q3?
- Demand for mortgages remains weak
- Savings in Luxembourg relatively better remunerated
- Recruitment difficulties persist
- Pressure on commodity prices eases
- Electromobility boosted by companies and leasing
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