Croatia's construction output down 2.1% y/y in Jan 2013.

By bne IntelliNews March 22, 2013
Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, however, showed a higher decline - of 5.8% on the year, in the construction output in January after a drop of 14.9% in December, the office said in a statement. In January, building construction works comprised 44% of the total volume of construction works and civil engineering works accounted for the remainder. In seasonally-adjusted terms, the building construction went up 1% on the month, while civil engineering construction increased by a monthly 13.5% in January. The overall construction rose by a monthly 2.1% in seasonally-adjusted terms in January. The construction sector will probably continue to shrink in the next months as the economy growth outlook remains gloomy.

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