Construction output in Slovakia increased 10 percent year-on-year in October 2018, slowing from a 12.5 percent gain in the previous month. It was the smallest rise in construction production since July, as civil engineering works advanced at a softer pace (18.4 percent compared to 32.4 percent in September). On the other hand, building activity went up further (3.5 percent compared to 1.4 percent). On a seasonally adjusted monthly basis, construction output rose 1.3 percent. Considering the first ten months of the year, construction production increased 8.6 percent, compared to the same period of 2017. Construction Output in Slovakia averaged -0.26 percent from 1993 until 2018, 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.
Construction Output in Slovakia is expected to be 9.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Slovakia to stand at 4.40 in 12 months time. In the long-term, the Slovakia Construction Output is projected to trend around 2.20 percent in 2020, according to our econometric models.