BUSINESS BRIEFS

Construction industry output down

IN NOVEMBER 2001, construction industry output failed to reach its 2000 level for the fourth consecutive month. Compared with November 2000, it decreased 4.1 per cent to Sk7.2 billion, the Slovak Statistics Office reported.

The year-on-year drop of the construction industry output resulted from a 3.8 per cent decrease in the domestic output and a 13.5 per cent decline in construction works abroad. The seasonally adjusted output in November was 1.9 per cent lower than in October. The year-on-year increase of the construction industry in eleven months of the last year was 1.7 per cent, out of which output of new construction, reconstruction and modernisation increased 3.1 per cent and maintenance and repair works rose 6.2 per cent.

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