The skilled trades sector plays a vital role in the German economy, contributing 16.6% of its total composition and generating 7.4% of the overall sales, amounting to 720 billion euros. Notably, 67% of construction companies fall within this category.
Despite a slight dip in overall employment, the sector experienced a sales surge of 9.3%, largely driven by a 6.9% rise in the consumer price index. Specific areas, including trades for private and commercial needs, demonstrated robust growth.
However, other sectors like automotive and healthcare exhibited mixed employment trends. Currently, 5.4 million individuals are employed in skilled trades, with 4.1 million under social security contributions, highlighting a significant workforce dependency on this essential industry.
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