Construction output in Slovakia fell 4.2 percent from a year earlier in December 2019, after declining 10.5 percent in the previous month. Civil engineering works dropped at a softer pace (-1.7 percent compared to -30 percent in November) and building activity increased further (5.9 percent compared to 1.3 percent). On a seasonally adjusted monthly basis, construction output went down 4.2 percent, following a 3.8 percent fall in the prior month. Considering 2019 as a whole, construction production declined 3.3 percent compared to 2018.
Construction Output in Slovakia averaged -0.31 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. This page provides - Slovakia Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Slovak Republic
Construction Output in Slovakia is expected to be 2.40 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 2.20 in 12 months time. In the long-term, the Slovakia Construction Output is projected to trend around 2.20 percent in 2021, according to our econometric models.