Spectator on facebook

Spectator on facebook

Construction output down in October

THE CONSTRUCTION output fell by 4.1 percent year-on-year in October to €448.5 million. After seasonal adjustment, it was by 0.3 percent lower than in September 2014, the Statistics Office (ŠÚ) informed on December 10.

THE CONSTRUCTION output fell by 4.1 percent year-on-year in October to €448.5 million. After seasonal adjustment, it was by 0.3 percent lower than in September 2014, the Statistics Office (ŠÚ) informed on December 10.

The output realised by domestic construction companies dropped in October by 3.8 percent y/y to €427.7 million. Its share on total construction output was reduced by 0.2 percentage points y/y to 95.4 percent. The development of the domestic output was affected by a decline of work in new construction, renewals and enhancements by 8.8 percent y/y. The volume of repairs and maintenance works grew by 9 percent y/y.

Regarding the structure of the domestic output, new construction, renewals and enhancements constituted 69.8 percent, down by 1.1 percentage points compared to October 2013. The share of repairs and maintenance works grew to 28.2 percent y/y. In terms of output specification, the volume of civil engineering works dropped by 4.2 percent y/y and construction of buildings by 3.6 percent y/y. Construction of buildings represented 66.7 percent of the domestic output, civil engineering works accounted for 30.3 percent.

Non-domestic construction output carried out by construction companies dropped by 10.2 percent y/y. Its share constituted 4.6 percent out of the total output, according to ŠÚ.

During the first 10 months of 2014, construction output reached € 3.592 billion, down by 3.4 percent y/y. Domestic output fell by 3.1 percent y/y to €3.4039 billion. The volume of works in new construction, renewals and enhancements decreased by 4.6 percent y/y to €2.3967 billion. Repairs and maintenance works rose by 0.4 percent y/y to €957.5 million.

Non-domestic output fell by 8.6 percent y/y. In the structure of the domestic output, the share of new construction, renewals and enhancements decreased by 0.1 percentage points y/y to 70.4 percent. The share of repairs and maintenance works remained at 28.1 percent, ŠÚ informed.

Source: Statistics Office website

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.