Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends
Recent data from Eurostat unveils a significant downturn in Bulgaria's construction industry, showcasing a more pronounced dip compared to the EU's overall production metrics
Bulgaria's construction sector index of production in July was 0.3% below its level in the previous month, according to the national statistics preliminary data.
In July, the working day adjusted data showed an increase by 2.9% in the construction production, compared to the same month of 2013.
In July, the construction production, calculated from the seasonally adjusted data, was below the level of the previous month. Index of production of civil engineering increased by 0.1%, while the production of building construction marked a decrease by 0.6%.
On an annual basis in July 2014 the increase of production in construction, calculated from working day adjusted data, was determined mainly from the positive rate in the civil engineering by 11.3%,while in the building construction was registered a decrease by 3.4%.
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