Slovakia’s construction output growth in November tops month-on-month EU ranking

Construction output in Slovakia grew 13.7 percent during November, representing the highest month-on-month (m/m) increase among all EU members, the SITA newswire reported, quoting a report by EU statistics office Eurostat. Construction in the 27-member bloc dropped 0.6 percent overall in monthly terms, according to seasonally adjusted data that Eurostat published on January 19. Construction output dropped 1.1 percent within the eurozone.

Construction output in Slovakia grew 13.7 percent during November, representing the highest month-on-month (m/m) increase among all EU members, the SITA newswire reported, quoting a report by EU statistics office Eurostat. Construction in the 27-member bloc dropped 0.6 percent overall in monthly terms, according to seasonally adjusted data that Eurostat published on January 19. Construction output dropped 1.1 percent within the eurozone.

Among countries that made their data available to Eurostat, Portugal recorded the second biggest m/m growth, of 4.1 percent, in construction output after Slovakia, followed by Romania (2.9 percent). Construction output went up in m/m terms in six countries while it fell in the same
number of countries. Slovenia recorded the biggest m/m decrease (4.5 percent), followed by Spain (3.5 percent) and Bulgaria (1.9 percent). In year-on-year (y/y) comparisons, EU construction output dropped 6.7 percent in November and shrank 8 percent in the eurozone. Slovakia's construction output dropped 11.5 percent y/y. Among 12 countries for which data were available construction output shrank in nine and went up in Poland (8.8 percent), the Czech Republic (6.4 percent) and Germany (3.8 percent). In y/y comparison, Romania posted the sharpest fall, of 24.4 percent, followed by Bulgaria (22.5 percent). Slovenia (18.1 percent) and Spain (16.5 percent). SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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