Construction Output Down by 5.1%

BusinessEconomy ♦ Published: June 30, 2011; 17:24 ♦ (Vindobona)

Austrian output of construction of buildings and civil engineering decreased by 5.1% from January until March 2011. Volume of orders fell by 3.2%.

According to calculations by Statistics Austria, Austrian building construction and civil engineering companies produced a construction output value of € 2.2bn in the reporting period from January until March 2011; this corresponds to a decrease of 5.1% compared to the previous year. Breaking production down into construction sectors, opposing trends can be observed (construction of…