Slovakia's construction output plunged 22.1 percent over a year earlier in September 2020, following a 19.2 percent slump in the previous month. It was the seventh consecutive month of downturn in construction activity and the sharpest since October of 2016, amid the coronavirus pandemic crisis. Building activity (-23.6 percent vs -19.6 percent in August) and civil engineering works (-22.6 percent vs -19.2 percent) shrank further. Considering the first nine months of the year, construction production declined 11.9 percent. source: Statistical Office of the Slovak Republic
Construction Output in Slovakia averaged -0.57 percent from 1993 until 2020, 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. This page provides - Slovakia Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Construction Output in Slovakia is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Slovakia to stand at 2.80 in 12 months time. In the long-term, the Slovakia Construction Output is projected to trend around 1.90 percent in 2021 and 2.20 percent in 2022, according to our econometric models.