Construction output in Slovakia rose 1.6 percent year-on-year in May 2019, following a 4.5 percent fall in the previous month. Civil engineering works increased 0.7 percent, rebounding from a 9.6 percent decline in April and building activity dropped 0.2 percent, after a 2.4 percent decrease. Considering the first five months of the year, construction output went down 0.9 percent over the same period a year earlier. Construction Output in Slovakia averaged -0.22 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 5.80 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.