Construction output in Slovakia jumped 12.5 percent year-on-year in September 2018, following a 10.7 percent advance in the previous month. It was the steepest increase in construction production since January, when it rose 22 percent, mainly driven by civil engineering works (32.4 percent vs 16.6 percent in August). On the other hand, building activity growth eased to 1.4 percent from 8.2 percent in the previous month. On a seasonally adjusted monthly basis, construction output increased 0.3 percent. Considering the first nine months of the year, construction production advanced 8.5 percent compared to the same period of 2017. Construction Output in Slovakia averaged -0.29 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.