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Croatia's June construction output reverses after rising for 3 months

ZAGREB, Sept 10 (Hina) - Croatia's construction production fell by 2.3% this June  compared to June 2014, thus being on a decline after it rose for three previous months year-on-year, according to working-day adjusted data provided by the national statistical office (DZS).
This June, construction of buildings (residential and non-residential) saw a rise of 1.3%, however, civil engineering construction fell by 4% on the year.

Seasonally adjusted  figures show that the construction volume in June decreased by 1.4% compared to May.

Analysts of the Croatian Chamber of Commerce (HGK) have commented that in the first half of 2015, construction activity data were oscillating, indicating that the downward trend might be halted, but offering no clear signs of the start of recovery. The HGK analysts find that the sector needs a more robust investment activity in infrastructure construction which is still restrained due to restricted possibilities of public sector investments because of the measures taken to reduce the excessive budgetary deficit.

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