FX.co ★ Slovakia Construction Output Falls at a Slower Pace

Slovakia’s construction output declined by 4.3% year-on-year in September 2026, a slight improvement from the 4.8% drop recorded in August, which had been the sharpest decrease in nearly two years. Within domestic construction, building construction strengthened noticeably, with growth accelerating to 5.6% from 0.6%. In addition, repair and maintenance of buildings returned to growth, rising by 1.0% after contracting by 6.4% in the previous month. The downturn in construction activity abroad also eased, with output falling 9.6% compared with a 16.0% decline in August.

Despite these improvements, overall domestic construction remained subdued, shrinking by 3.6%, compared with a 3.0% decline in August. This weakness reflected a sharper contraction in the key segment of new construction, where activity fell by 5.3% after a marginal 0.7% decrease previously, as well as a deeper decline in civil engineering works, which dropped by 19.4% versus 10.3% in August. On a seasonally adjusted month-on-month basis, total construction output rose by 2.2%. Over the first nine months of 2026, construction activity was 4.8% higher than in the same period a year earlier.