Construction output in Slovakia decreased 0.5 percent year-on-year in March of 2019, down from a 1.7 percent rise in the previous month. Civil engineering works declined by 6.8 percent (from -4.5 percent in February) while building activity went up 2.4 percent (from 4.7 percent). Considering the first quarter, construction activity edged up by 0.1 percent over a year ago. Construction Output in Slovakia averaged -0.20 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.
Construction Output in Slovakia is expected to be 5.80 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 2.40 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.