Construction output in Czech Republic stalled year-on-year in November of 2018, following a 10.4 percent rise in the previous month. It is the weakest performance since a 1.1 percent drop in December of 2017. Civil engineering works slowed (1.5 percent compared to 7.7 percent in October) and building activity declined (-0.7 percent compared to 11.6 percent). Yet, November 2018 had one more working day than November 2017. On a monthly basis, construction output fell 3.6 percent. Construction Output in Czech Republic averaged 1.54 percent from 1998 until 2018, reaching an all time high of 33.10 percent in February of 2007 and a record low of -26.40 percent in January of 2010.
Construction Output in Czech Republic is expected to be 8.30 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 2.20 in 12 months time. In the long-term, the Czech Republic Construction Output is projected to trend around 1.90 percent in 2020, according to our econometric models.