Czech Republic: Contruction Industry Sees Further Declines

BusinessEconomy ♦ Published: March 15, 2013; 13:20 ♦ (Vindobona)

In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.

Czech Republic: Contruction Industry Sees Further Declines / Picture: © Vindobona.org

In January 2013 the construction output decreased by 9.3%, y-o-y. The seasonally adjusted construction output in January 2013 was by 4.4% down, month-on-month (m-o-m). The production in building construction decreased by 7.5% (contribution -5.7 percentage points (p.p.)), y-o-y, and the production of civil engineering construction dropped by 15.3% (contribution -3.6 p.p.), y-o-y. The…