Construction output in the Czech Republic jumped 6.5 percent year-on-year in July of 2019, following an upwardly revised 1.2 percent rise in the previous month. It was the highest annual gain in construction activity since April, boosted by an advance in both building activity (5 percent vs 1.5 percent in June) and civil engineering works (10.4 percent vs 0.7 percent). On a seasonally adjusted monthly basis, construction output went up 1.5 percent, following a 0.4 percent gain in June. Construction Output in Czech Republic averaged 1.66 percent from 1998 until 2019, reaching an all time high of 36.90 percent in January of 2018 and a record low of -26.40 percent in January of 2010.
Construction Output in Czech Republic is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Czech Republic to stand at 2.50 in 12 months time. In the long-term, the Czech Republic Construction Output is projected to trend around 2.70 percent in 2020, according to our econometric models.