Slovak construction market to stabilise in 2013

In 2013 the first signs of stability in the Slovak construction sector are expected. After a slump in public investment in 2012, civil engineering is expected to recover slightly, driven by the use of EU funds to conduct large infrastructure projects which had been delayed. Furthermore, non-residential construction output should remain at similar levels as in 2012 and may even slightly increase given the expected rise in investment outlay in the automotive industry.
According to our latest report; “Construction sector in Slovakia 2013 – Development forecasts for 2013-2015”, 2012 saw the Slovak construction market register a fourth consecutive year of decline and the worst negative result since the economic crisis hit the country, of more than 13% year on year. That year also saw total construction output in the country go below the €5bn threshold.

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