Construction output growth in the Czech Republic slowed sharply to 0.2 percent year-on-year in May 2019 from 8.9 percent in the previous month, as civil engineering works increased at softer 5.5 percent (vs 16.8 percent in April) while building activity contracted 1.6 percent (vs 6.5 percent in April). On a seasonally adjusted monthly basis, industrial production slumped 2.5 percent in May. Construction Output in Czech Republic averaged 1.63 percent from 1998 until 2019, reaching an all time high of 36.90 percent in January of 2018 and a record low of -26.40 percent in January of 2010.
Construction Output in Czech Republic is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Czech Republic to stand at 2.50 in 12 months time. In the long-term, the Czech Republic Construction Output is projected to trend around 2.70 percent in 2020, according to our econometric models.