Bulgarias construction output down by 1.6% y/y in September, 0.3% y/y in Q3.

By bne IntelliNews November 9, 2012
Construction output in Bulgaria shrank by 1.6% y/y in September, according to statistics office preliminary seasonally adjusted data. In the previous month, the output dropped at the same annual rate after the data were revised down from 0.4% drop according to the preliminary estimates. The average growth for the quarter turned negative (minus 0.3%) following a 1.5% rise in Q2. The output in September was pushed up by civil engineering works, which registered their ninth straight increase, rising by 4.5% y/y. Buildings construction output however fell by 6.3% y/y in September. In calendar adjusted terms, total construction output went down by 2.9% compared to September 2011.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss