Construction output falls for fifth consecutive April

The fall was even greater (12.9 pct) when the number of working days is factored in. However, output increased by 2.7 pct on the previous month. Building construction fell by 8.3 pct y-o-y, while civil engineering slumped by 18.3 pct y-o-y. Compared to Q1 2008, construction volume in this year’s first quarter was down by 37 pct. The average number of workers in construction firms with 50+ employees fell by 8.2 pct y-o-y in April, but their average monthly nominal salaries grew by 7.9 pct to CZK 30,758 (app. EUR 1,202). The number of building permits granted decreased by 14.8 pct y-o-y to 7,005, but the value of permitted construction started in the month increased by app. 7.2 pct to CZK 25.3 bln (EUR 989 mln).