December 21 (SeeNews) - Serbia's October construction output, measured by the estimated value of completed projects, dropped by 50% year-on-year, data from the country's statistics office showed.
The estimated value of completed projects in October was 17.9% higher than a month earlier, the statistics office said in a statement.
A total of 628 construction permits were issued in October, down 9.8% from a year earlier.
In September, the country's construction output was 10.6% down on the year and 48% lower on the month. A total of 660 construction permits were issued in September, 12.4% down from a year earlier.
Details on the percentage changes in the value of Serbia's October construction output and the number of issued permits follow:
|
Y/Y |
M/M |
TOTAL ESTIMATED VALUE |
-50.0 |
+17.9 |
TOTAL PERMITS |
-9.8 |
-5.0 |
BUILDINGS, ESTIMATED VALUE |
-33.2 |
+29.4 |
BUILDINGS, PERMITS |
-9.3 |
-9.6 |
OTHERS, ESTIMATED VALUE |
-71.1 |
-6.3 |
OTHERS, PERMITS |
-11.4 |
+15.7 |
NOTE: "Others" includes infrastructure projects like railroads, roads, bridges, motorways, airport runways.