Construction output in July down 3.6% on month, up 4.1% on year
In a statement, INE revealed that the country's Construction Production Index fell 3.6% in July, but was up 4.1% on the same month a year earlier.
Portugal’s Construction Production Index fell 3.6% in July, but was up 4.1% on the same month a year earlier, Statistics Portugal (INE) announced on Monday.
In a statement, INE notes that “although the construction sector has not been strongly affected by the pandemic, even so, this [year-on-year] evolution reflects a base effect, with the index having decreased 4.3% in the same month” last year.
In terms of the different segments of the sector, output in building construction was up 4.4% on the month and 0.9% on the year, while in civil engineering it slowed by 3.6 percentage points from June to a year-on-year increase of 9.0%.
As for the indices for employment and compensation in the sector, they were up 0.5% and 3.5% on the month, respectively, and were up 2.1% and 5.6% on the year. In June the year-on-year changes had been 2.5% and 9.0%.
