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Croatia’s construction output up for seven straight quarters

By   /   15/12/2016  /   Comments Off on Croatia’s construction output up for seven straight quarters

The value of construction work performed in the third quarter of 2016 by businesses with 20 or more workers was HRK 3.5 billion, or 1.1% higher than in the same period in 2015, as construction output continued to grow for the seventh quarter in a row, data from the Croatian statistical office (DZS) show.

The value of construction work on buildings increased by 4.7%, while the value of work on other structures decreased by 1.3%.

The increased value of the work performed was backed by a strong increase in new orders, which reached HRK 4.3 billion in the third quarter, a rise of 10.1% over the same period last year. The value of orders for buildings dropped by 5.6%, while the value of orders for other structures increased by 26.4%.

The value of construction work performed in the first nine months of 2016, compared with the same period of 2015, increased by 3.4% to HRK 9.9 billion. Work on buildings accounted for 44.4%, while other structures accounted for 55.6%.

The value of new orders in the first three quarters of the year increased by 10.5% in comparison with the same period in 2015. Orders for buildings increased by 6.2% and those for other structures by 14.2%./IBNA

Source: eblnews.com

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