Construction output in Slovakia slipped 10.5 percent from a year earlier in November 2019, after a 2.4 percent decrease in the previous month. It was the steepest decline in construction activity since February 2017, as civil engineering works fell significantly (-30 percent vs -10.5 percent in October) while building activity rose faster (1.3 percent vs 0.2 percent). On a seasonally adjusted monthly basis, construction output slumped 3.8 percent. Year-to-date, construction activity shrank 3.2 percent compared to the same period in 2018. Construction Output in Slovakia averaged -0.29 percent from 1993 until 2019, reaching an all time high of 28.90 percent in October of 2015 and a record low of -41.30 percent in December of 1993. source: Statistical Office of the Slovak Republic

Construction Output in Slovakia is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Slovakia to stand at 2.20 in 12 months time. In the long-term, the Slovakia Construction Output is projected to trend around 2.20 percent in 2020, according to our econometric models.


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Slovakia Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-10.50 -2.40 28.90 -41.30 1993 - 2019 percent Monthly
WDA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 07:00 AM Aug -6.9% -7% -5.6%
2019-11-11 08:00 AM Sep 2.5% -6.9% -4.4%
2019-12-10 08:00 AM Oct -2.4% 2.5% 2.8%
2020-01-10 08:00 AM Nov -10.5% -2.4% 2.6%
2020-02-10 08:00 AM Dec -10.5% 2.4%


News Stream
2019-12-10
Slovakia Construction Output Falls in October
Construction output in Slovakia decreased 2.4 percent year-on-year in October of 2019, after a 2.5 percent rise in the previous month, as building activity rose at a much softer pace (0.2 percent vs 10.7 percent in September). Meanwhile, engineering works dropped less (-10.5 percent vs -14.9 percent).

2019-11-11
Slovakia Construction Output Rebounds in September
Slovakia's construction output increased 2.5 percent year-on-year in September 2019, rebounding from a 6.9 percent decline in the previous month, as building activity rose 10.7 percent, after falling 1.7 percent in August. In addition, civil engineering works dropped less (-14.9 percent compared to -19.5 percent in August.

2019-10-10
Slovak Construction Output Drops for 3rd Month
Slovakia's construction output slumped 6.9 percent from a year earlier in August 2019, following a 7 percent contraction in the previous month, as civil engineering works fell 19.5 percent and building activity decreased 1.7 percent.

2019-09-10
Slovak Construction Output Falls the Most in Over 2 Years
Construction output in Slovakia fell 7 percent year-on-year in July 2019, after a 3.7 percent decrease in the previous month. It was the biggest decline in construction output since February 2017, as civil engineering works dropped further (-21.1 percent from -16.2 percent in June) and building activity went down (-1.2 percent from 1.5 percent). On a seasonally adjusted monthly basis, construction output declined 2 percent.

2019-08-09
Slovak June Construction Output Shrinks 3.7% YoY
Construction output in Slovakia decreased 3.7 percent year-on-year in June 2019, following a 1.6 percent rise in the previous month. Civil engineering works slumped 16.2 percent, after a 0.7 percent gain in May while building activity grew 2.5 percent, rebounding from a 0.2 percent fall. Considering the first half of the year, construction activity went down 1.5 percent compared to the same period of 2018. On a seasonally adjusted monthly basis, construction output fell 1.1 percent.

2019-07-10
Slovakia Construction Output Rebounds in May
Construction output in Slovakia rose 1.6 percent year-on-year in May 2019, following a 4.5 percent fall in the previous month. Civil engineering works increased 0.7 percent, rebounding from a 9.6 percent decline in April and building activity dropped 0.2 percent, after a 2.4 percent decrease. Considering the first five months of the year, construction output went down 0.9 percent over the same period a year earlier.


Slovakia Construction Output
The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Slovakia Housing Last Previous Highest Lowest Unit
Construction Output -10.50 -2.40 28.90 -41.30 percent [+]
Housing Index 134.52 131.08 134.52 71.76 points [+]
Home Ownership Rate 91.30 90.10 91.30 82.10 percent [+]