The downward trend in construction production in Slovakia decelerated over July. The branch's performance fell 11.2 percent to €459.9 million in the seventh month of this year. Compared with June, the drop was slower by 0.9 percentage points. Over the first seven months of this year, construction output reached €2.533 billion, down 11.1 percent on the same period a year ago, according to data of the Slovak Statistics Office (ŠÚ), disclosed on Monday, September 10.
Construction output carried out in Slovakia in July dropped 10.5 percent year-on-year to €442.4 million. Its share of total construction output increased by 0.8 percentage points to 96.2 percent. "The development of domestic production was affected by a significant drop in construction work on new construction, including modernisation and reconstruction, by 17.3 percent. The volume of work on repair and maintenance increased by 23.6 percent," the Statistics Office informed, as quoted by the SITA newswire.
In the structure of domestic production, new construction, including modernisation and reconstruction, made up 75.4 percent of output, which is 6.2 percentage points less than a year ago. The share of works on repairs and maintenance increased by 6.6 percentage points to 23.6 percent. "In terms of production orientation, the volume of work in civil engineering dropped by 18.3 percent and by 7.2 percent on buildings," says the ŠÚ.
Within domestic construction output, work on buildings accounted for 73.1
percent and civil engineering 26.9 percent. Production of construction companies carried out abroad in July shrank 25.9 percent annually after months of growth to €17.5 million. Its share of the total construction output accounted for 3.8 percent. In the January-July period, local construction output fell 12.9 percent to €2.391 billion. Seven-month output abroad totaled €142.3 million, which was a growth by 33.8 percent year-on-year.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
11. Sep 2012 at 10:00