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Decline in the construction business

Construction in August has declined compared to July this year, and compared with the same month last year, according to the National Statistical Institute (NSI), reports Dnevnik.

 

Usually the summer months are the strongest in the sector because of the favourable weather conditions, but this August NSI reported shrinking in the construction of buildings and infrastructure.

 

Preliminary NSI data shows that in August 2013 the index of production in the sector, calculated on the basis of seasonally adjusted data, has dropped by 1% compared to the previous month, and by 9.5% from levels reported in August 2012.

 

Compared to July 2013 civil construction decreased by 1.1 % and building construction – by 0.8%. Compared to August 2012 the decline was respectively 12.3% and 7.2% .

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