Construction Output Increases 11.2% in March, Record High since 2008

Total Croatia News

ZAGREB, May 31, 2019 – The volume of construction work in Croatia in March 2019 was 11.2% higher than in March 2018 and up by 13.7% in Q1 compared to Q1 last year, making it the best quarter since Q1 2008, data from the State Bureau of Statistics (DZS) show.

Month on month, construction output in March was down 2% compared to February.

The volume of works on buildings increased by 9.1% and by 14.4% on other structures year on year.

According to the DZS, other structures include roads, railways, pipelines, bridges, dams, sports grounds and the like.

According to DZS figures in the first three months of the year, construction activities increased by 13.7% compared to the same period last year.

Works to buildings in that period increased by 12.7% and infrastructure and public works increased by 15.2%.

The number of building permits issued in Q1 was up by 8.1% and the value of works to be conducted increased by 25.6% in that period.

The Central Finance and Contracting Agency (SAFU) informed that currently there are more than 300 construction sites around the country with almost 500 contracts valued at 23 billion kuna.

The Croatian Chamber of Commerce (HGK) commented that “growth in construction activities attract higher amounts from EU Funds. That is still being thwarted however by the lack of construction workers, HGK concluded.

More news about Croatian economy can be found in the Business section.


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