German cement industry faces historic crisis

The German Building Materials Association reports a sharp decline in cement consumption, which has fallen by approximately 30% since 2020. This reflects a historic crisis leading to an economic downturn in the construction sector. The decline is attributed to rising interest rates and construction costs, resulting in a slowdown in housing developments and infrastructure investments, despite a 10% increase in building permits and government allocations for projects, whose impact is expected to become evident in the second half of the year.

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