Bulgaria’s Construction Production Index Falls 9.3% Y/Y in March

Bulgaria’s seasonally adjusted construction production index decreased by 1.5% month-on-month in March, the state statistical office NSI announced on Tuesday.

Compared to March 2015, the construction production index adjusted for the number of workdays was 9.3% lower. Data for March 2016 are preliminary.

The NSI attributed the drop in the index on an annual basis mainly to a 14% decline in the sub-index tracking the construction of buildings and a 3.5% drop in the construction of civil engineering products.

The indices are calculated on the basis of information about hours worked in the construction sector.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!