Construction output index down to 2.2% in January
The construction output index on January saw a 2.2% yoy slowdown, after recording a 3.2% increase the previous month.
The Portuguese construction output index on January saw a 2.2% slowdown in yearly terms, after recording a 3.2% increase the previous month, the country’s institute on statistics (INE) said on Monday.
According to the institute, the slowdown in the construction activity extended to the two segments considered – construction of buildings and civil engineering – which in January saw year-on-year variations of 2.5% and 1.7%, respectively (compared to 3.6% and 2.6% in December 2018).
The building construction segment contributed 1.5 percentage points to the aggregate index, while civil engineering recorded a contribution of 0.7 percentage points.
The employment and pay rates grew 1.8% and 4.1% in January, a decrease compared to 2.1% and 4.5%, respectively, in December.