Construction output in Slovakia fell 7 percent year-on-year in July 2019, after a 3.7 percent decrease in the previous month. It was the biggest decline in construction output since February 2017, as civil engineering works dropped further (-21.1 percent from -16.2 percent in June) and building activity went down (-1.2 percent from 1.5 percent). On a seasonally adjusted monthly basis, construction output declined 2 percent. Construction Output in Slovakia averaged -0.24 percent from 1993 until 2019, reaching an all time high of 28.90 percent in October of 2015 and a record low of -41.30 percent in December of 1993.
Construction Output in Slovakia is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Slovakia to stand at 2.40 in 12 months time. In the long-term, the Slovakia Construction Output is projected to trend around 2.20 percent in 2020, according to our econometric models.