Construction output in the Czech Republic increased 1.1 percent year-on-year in June 2019, following a 0.2 percent growth in the previous month, boosted by a rebound in building activity (1.3 percent vs -1.6 percent). On the other hand, civil engineering works rose at a softer 0.5 percent, after a 5.5 percent advance in May. On a seasonally adjusted monthly basis, construction output increased 1.1 percent in June. Construction Output in Czech Republic averaged 1.63 percent from 1998 until 2019, reaching an all time high of 36.90 percent in January of 2018 and a record low of -26.40 percent in January of 2010.
Construction Output in Czech Republic is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Czech Republic to stand at 2.50 in 12 months time. In the long-term, the Czech Republic Construction Output is projected to trend around 2.70 percent in 2020, according to our econometric models.