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Decreasing Output in Austria’s Construction Industry
Output of construction of buildings and civil engineering decreasing by 8.6% in January and February 2011. Increase in volume of orders in construction of buildings cannot compensate for decline in civil engineering at the end of February 2011.
Decreasing Output in Austria’s Construction Industry / Picture: © Vindobona.org
According to calculations by Statistics Austria, Austrian building construction and civil engineering companies produced a construction output value of € 1.2bn in the reporting period January and February 2011, a decline of 8.6% compared to the previous year. The output decreased both in construction of buildings (-2.8%) and in civil engineering (-17.2%). Data from construction…
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