“While the construction sector in Croatia’s neighbour to the north flourishes, things here at home aren’t so inspiring…

As Posolovni Dnevnik/Suzana Varosanec writes on the 3rd of April, 2018, following the fall in the volume of construction works back during December 2017, in January 2018, relatively high growth of 6.8 percent was recorded annually.

Analysts from the Croatian Chamber of Commerce (HGK) say that this represents the highest growth recorded since back in December 2016, but the reality of it all is much more modest. As we reported yesterday, provisional data from DSZ, with the growth dynamics pointing to a 12% increase in the volume of work on buildings and a 0.3% fall on other buildings, sheds light on the fact that these are merely the consequences of an extremely low base. In January 2017, a very low level of activity was reported (an annual decline of 2.2% followed by a further 7.7% decline in civil engineer works). (total-croatia-news)