Slovakia Construction Growth Accelerates in August

Construction

Construction output in Slovakia expanded 4% year-on-year in August, following a 2.8% gain in the previous month, figures from the Bratislava-based Slovak Statistical Office (SÚSR) on Wednesday show.

It marked the highest reading since February, as construction abroad (-7% vs -18.7% in July) decreased at a softer pace.

Meanwhile, domestic output (5.4% vs 5.8%) slowed, dragged down by further declines in repairs & maintenance (-7.5% vs -0.6%) and buildings (-11.2% vs -5%).

On the other hand, both new construction (10.8% vs 9.2%) and engineering works (41.1% vs 27.8%) grew at a faster rate.

On a seasonally adjusted monthly basis, construction output was 0.3% lower than in July.

ADVERTISEMENT

Bourse Turnover Reaches HUF 230 bln in February Figures

Bourse Turnover Reaches HUF 230 bln in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.