Croatia's construction output down 15% y/y in June.

By bne IntelliNews September 14, 2012
Croatia's construction output fell by an annual 15% in June after dropping 7.9% on the year a month earlier, the statistics office said. The working-day adjusted data showed the volume of construction works shrank by 12.5% year-on-year in June following a 9.1% drop on the year in May, the office said in a statement. In June, building construction comprised 45.4% of the total volume of construction works and civil engineering works accounted for the remainder. In seasonally adjusted terms, June building construction works volume went down by a monthly 3.4%, while civil engineering construction output dropped by 5.3% on the month. The overall construction output stepped down by a monthly 3.6% in seasonally adjusted terms in June.

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