Slovak Construction Output Drops in October

Construction

Construction output in Slovakia dropped by 1% year-on-year in October, reversing a 2.7% growth in the previous month, which was the strongest in seven months, data from the Bratislava-based Slovak Statistical Office (SÚSR) show.

The contraction was driven by the decrease in most domestic components, in particular, new construction (-3.5% vs 3.7% in September), building activities (-0.3% vs 2.2%) and civil engineering works (-4.7% vs 0.4%).

Conversely, repairs and maintenance bounced back strongly at 6.7%, following a 4.4% fall a month earlier.

Meanwhile, construction output growth abroad eased to 6.6% after advancing by 12.2% in September. On a seasonally adjusted monthly basis, construction activity grew by 0.6% in October. 

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