Construction output in August was 14% lower than a month earlier, the statistics office said in a statement.
A total of 771 construction permits were issued in August, down 12.1% from a year earlier.
In July, the country's construction output was up 24.9% on the year and 77.7% higher on the month. A total of 694 construction permits were issued in July, 23.1% down from a year earlier.
Details on the value of Serbia's August construction output and the number of issued permits follow (pct change):
Y/Y | M/M | |
TOTAL ESTIMATED VALUE | -14.3 | -14.0 |
TOTAL PERMITS | -12.1 | +10.9 |
BUILDINGS, ESTIMATED VALUE | +6.2 | +31.9 |
BUILDINGS, PERMITS | -14.4 | +17.2 |
OTHERS, ESTIMATED VALUE | -70.7 | -80.8 |
OTHERS, PERMITS | +2.5 | -13.2 |
NOTE: "Others" includes infrastructure projects like railroads, roads, bridges, motorways, airport runways, pools.