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Construction output down in December

THE CONSTRUCTION output in December 2014 fell by 8.7 percent to €429.5 million compared to the previous year. 

(Source: SME)

After seasonal adjustment, it dropped on a monthly basis by 1.3 percent, the Statistics Office (ŠÚ) informed on February 10.

On annual terms, the output realised by domestic construction companies dropped in December by 8.9 percent to €411.9 million. Its share on total construction output decreased 0.2 percentage points to 95.9 percent. The development of the domestic output was affected by a decline of works in new construction, renewals and enhancements by 13.3 percent. The volume of repairs and maintenance works grew by 1.6 percent. In respect to the structure of domestic output, new construction, renewals and enhancements constituted 68.2 percent, down by 3.6 percentage points year-on-year. The share of repairs and maintenance works grew to 30.3 percent. In terms of output specification, the volume of construction of buildings dropped by 11.1 percent and civil engineering works by 3.1 percent. Construction of buildings represented 69.8 percent of the domestic output, civil engineering works accounted for 30.2 percent.

Non-domestic construction output carried out by construction companies dropped 4.5 percent y/y. Its share constituted 4.1 percent out of the total output.

The construction output in 2014 reached €4.4879 billion, down by 4.2 percent y/y.

Domestic output fell by 4 percent to €4.2603 billion. The volume of works in new construction, renewals and enhancements dropped by 5.9 percent to €2.9997 billion. Repairs and maintenance works were higher by 0.7 percent to €1.1997 billion. Non-domestic output fell by 8.3 percent. In the structure of the domestic output, the share of new construction, renewals and enhancements decreased by 1.6 percentage points to 70.4 percent, the share of repairs and maintenance works increased by 1.4 percentage points to 28.2 percent.

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Topic: Economics


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