Construction output in the Czech Republic decreased 2.3 percent year-on-year in March of 2020, down from a 5.3 percent rise in the previous month. It was the first decline in construction activity since September of 2019, as building activity dropped (-5.4 percent vs 2.1 percent in February) and civil engineering works rose less (10.4 percent vs 12.9 percent). On a seasonally adjusted monthly basis, construction activity fell 3.1 percent.
Construction Output in Czech Republic averaged 1.67 percent from 1998 until 2020, reaching an all time high of 36.90 percent in January of 2018 and a record low of -25.70 percent in January of 2010. This page provides - Czech Republic Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Construction Output in Czech Republic is expected to be -2.50 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 2.00 in 12 months time. In the long-term, the Czech Republic Construction Output is projected to trend around 1.50 percent in 2021 and 2.70 percent in 2022, according to our econometric models.