Construction output declines by 14%

BusinessEconomy ♦ Published: July 1, 2010; 00:00 ♦ (Vindobona)

The massive railway expansion in the first quarter prevents an even greater decline.

Construction output declines by 14% / Picture: ©

In the first three months of this year, structural- and civil engineering output value registered €2.3b - a decline of 13.7 percent compared to the first quarter of 2009. Especially hard hit was construction output with a decline of 17.9 percent to €1.4b. Civil engineering fell by 8.1 percent to €866m, according to Statistik Austria. The data of the related trades are not…