Germany construction real value added index, adjusted
Germany construction real value added index, adjusted stood at 77.06 in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Quarterly national accounts table (Value · Quarterly), with a complete series running from Q1 1991 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly national accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All economic sectors, calendar and seasonally adjusted | 106.93 | 106.46 | 106.13 | 105.81 | 105.73 | 105.85 | 105.4 | 105.69 | 105.86 | 105.97 | |
| Construction, calendar and seasonally adjusted | 77.06 | 77.11 | 77.59 | 77.98 | 78.33 | 79.88 | 79.44 | 80.24 | 81.24 | 83.01 | |
| Wholesale / retail trade, transport and storage, hotel and restaurant services, calendar and seasonally adjusted | 107.26 | 106.9 | 106.32 | 106.53 | 106.21 | 106.51 | 105.89 | 105.76 | 105.03 | 105.55 |
Understanding germany construction real value added index, adjusted
Site preparation, the erection of new buildings, heavy civil engineering, and specialized installation work form the core of this physical volume aggregate. It encompasses residential housing, commercial complexes, and public infrastructure projects. To determine the net contribution, statisticians deduct the massive costs of cement, steel, timber, and rented machinery from the gross value of the completed projects. Architectural design and site surveying are excluded, falling instead under the separate professional business services classification.
Tracking the evolution of the building trade demands a quarter-on-quarter view using the adjusted index points. The rigorous seasonal and calendar filtering is vital to strip out the predictable winter freezes and variable working days that routinely paralyze outdoor site work. As a chain-linked volume measure, the index eliminates the distorting effect of soaring building material costs and rising contractor margins, isolating the pure physical quantity of construction executed. Revisions are a permanent feature of this series, as early estimates reliant on building permits and raw material shipments are eventually trued up by definitive progress billings and final completion certificates.
Frequently asked questions
- Are do-it-yourself home renovations captured in this metric?
- Minor DIY repairs are generally treated as final consumption, but significant structural alterations undertaken by households are modeled and included as output.
- How are massive multi-year infrastructure projects recorded?
- Output is apportioned across multiple quarters based on the continuous physical progress of the work, rather than waiting for the final handover.
- Does the index measure the value of the underlying land?
- No, national accounting strictly separates the produced asset of the structure from the non-produced asset of the land beneath it.