Germany commercial building order index, seasonally adjusted
Germany commercial building order index, seasonally adjusted stood at 109.9 in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Property market (quarterly) table (Value · Quarterly), with a complete series running from Q1 2010 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Property market (quarterly) table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Real Economic Indicators | |||||||||||
| Total new orders index for the main construction industry, total, commercial building constructions, at constant prices, calendar and seasonally adjusted | 109.9 | 109.3 | 108.4 | 117 | 110.4 | 100.2 | 104.2 | 98.7 | 110.5 | 97.9 | |
| Building permit index - floor space, total (including construction work on existing buildings) - non-residential buildings (including office and administrative buildings as well as wholesale and retail buildings and warehouses), unadjusted… | 69.2 | 93.8 | 85 | 100.3 | 89.6 | 108 | 91.8 | 97.4 | 111.3 | 119.2 |
Understanding germany commercial building order index, seasonally adjusted
Tracking the smoothed volume of newly secured contracts by the main construction industry, this index provides a clear view of the commercial development pipeline. It focuses exclusively on non-residential private building constructions, converting the raw value of signed contracts into a constant-price volume measure. This strips away the masking effects of construction inflation. By isolating the precise moment developers legally commit to builders, the metric acts as the definitive leading indicator for physical site activity, bridging the gap between municipal planning approvals and actual brick-and-mortar investment.
Anchored to a 2010 base year, the data undergoes rigorous seasonal and calendar adjustment to strip out winter freezes and holiday effects. This statistical smoothing permits valid period-on-period comparisons, enabling analysts to identify inflection points in the business cycle earlier than alternative metrics allow. Nevertheless, the series remains inherently volatile. The signature of a single massive factory or corporate campus easily defeats the seasonal adjustment algorithms, creating sudden, artificial distortions. To counteract this, researchers generally apply a three-month rolling average to the adjusted index to separate genuine shifts in business confidence from the noise of isolated mega-projects.
Frequently asked questions
- What does a constant price index actually tell the user?
- It reveals the true physical volume of future building work secured by contractors, completely unaffected by changing material or labor prices.
- Do cancelled contracts immediately reflect in this index?
- The index records new orders as they are signed; subsequent cancellations are typically handled through separate revisions rather than real-time deductions.
- Why use a 2010 base year for contemporary analysis?
- Base years provide a fixed historical anchor for volume comparisons and are only updated when the statistical agency conducts a comprehensive methodological review.