GERMAN BUILDING EXPECTED TO SLOW

GERMAN BUILDING EXPECTED TO SLOW

The construction boom that has led Germany's economic growth since unification will fizzle this year, but will in some areas remain one of the bright spots in a slowing economy, analysts say.

Germany's high interest rates will take a toll on building, but the complex segmentation of the industry - especially the housing sector - serves to buffer the effects of a tight monetary policy, leaving room for pockets of growth, economists say.The German Building Industry Federation forecasts 15 percent to 20 percent construction growth in eastern Germany in 1992, as massive public-sector spending goes to rebuild roads, schools, hospitals and other parts of the infrastructure.