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Construction output in Slovakia in April contracted

The ongoing slump in the construction sector in Slovakia slowed down in April. Construction output in April fell by 4.6 percent to €342.1 million. After seasonal adjustments, which was 0.5 percent lower than in March, the SITA newswire quoted the Slovak Statistics Office (ŠÚ).

The ongoing slump in the construction sector in Slovakia slowed down in April. Construction output in April fell by 4.6 percent to €342.1 million. After seasonal adjustments, which was 0.5 percent lower than in March, the SITA newswire quoted the Slovak Statistics Office (ŠÚ).

The ŠÚ also reported on Monday, June 10 that for four months of this year, the volume of construction output was €1.066 billion. Compared to the same period of last year, which was lower by 9.5 percent. Production of domestic construction companies in April fell by 7.6 percent to €310.5 million. Its share of total construction output fell by 2.9 percentage points to 90.8 percent.

Development of domestic production was affected by a drop in new construction, modernisation and reconstruction - by 12.5 percent, according to the ŠÚ. In terms of domestic production in April, new construction, including modernisation and reconstruction, made up 71.5 percent and its share decreased by 4 percentage points. The proportion of repairs and maintenance increased to 27.1 percent. Production made abroad by local construction companies in April increased by 40.3 percent to €31.5 million and its share of the total volume of construction output accounted for 9.2 percent.

(Source: 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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