Slovakia's construction output fell 3.9 percent year-on-year in July of 2021, following a 3.0 percent gain in the previous month, pointing to the first contraction in the construction sector since March. Downward pressure came exclusively from domestic construction (-7.4 percent vs 0.5 percent), notably in engineering construction (-14.2 percent vs -6.0 percent), followed by new construction and reconstruction works (-9.9 percent vs -4.3 percent), buildings (-4.2 percent vs 4.4 percent), and repair works (-3.6 percent vs 7.7 percent). In contrast, construction activity abroad expanded significantly faster (51.2 percent vs 35.4 percent). On a seasonally adjusted monthly basis, construction output shrank 1.1 percent. source: Statistical Office of the Slovak Republic
Construction Output in Slovakia averaged -0.70 percent from 1993 until 2021, 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. This page provides - Slovakia Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Construction Output in Slovakia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Construction Output is projected to trend around 1.90 percent in 2022 and 2.20 percent in 2023, according to our econometric models.