German home building permits tumble 18% in February, extending rout

Building permits for apartments in Germany fell 18.3% in February from a year earlier, government data on Thursday showed, underscoring a continued downturn in demand in the construction and real estate industry.

Some 18,200 permits were issued, which is 4,100 fewer permits than a year earlier.

The number of building permits is an important indicator of future construction.

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