ECONOMIC BRIEFS

Construction output down 23.4% in June from year ago

The monthly volume of construction output in Slovakia dropped 23.4% to 6.2 billion crowns in June compared with the same month last year, which is the sector's best result since the beginning of 1999.

The lowest construction output this year was in May, when it constituted only 67.5% of last year's output in the same month.

Housing starts and renovation projects were down 24.1% year-on-year in June, although construction output in June was 5.8% higher than in May, the Statistics Office said on August 4.

Construction output for the first half of 1999 hit 29.4 billion crowns in current prices, a drop of 27.6% against the same period last year. Public sector construction activity was off 57.2%, while construction projects by private sector companies were 20.9% lower than one year ago.

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