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ČSÚ: Building production up 2.4% y/y in October

Building production in the Czech Republic grew 2.4% y/y in real terms in October 2014. Seasonally adjusted building production in October 2014 was 0.2% lower than a month ago. The output in structural engineering dropped 0.6% y/y (contribution of -0.4 p.p.) Engineering construction production grew 8.7% (contribution of 2.8 p.p.) Domestic construction sector dropped 22.8% in 10M 2014 in comparison to the same period of conjuncture year 2008.