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