Construction output in Macedonia increased 2.50 percent in May of 2020 over the same month in the previous year.
Construction Output in Macedonia averaged 12.81 percent from 2006 until 2020, reaching an all time high of 156.50 percent in February of 2013 and a record low of -53.50 percent in February of 2012. This page provides the latest reported value for - Macedonia Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Construction Output - values, historical data and charts - was last updated on October of 2020.
Construction Output in Macedonia is expected to be 9.91 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Macedonia to stand at 11.50 in 12 months time. In the long-term, the Macedonia Construction Output is projected to trend around 12.14 percent in 2021 and 12.20 percent in 2022, according to our econometric models.