Construction down by 20 per cent in March 2010

Construction down by 20 per cent in March 2010

Combined construction in Bulgaria suffered a 20 per cent dip in March 2010, according to latest data released by the National Statistics Institute.Building construction, covering both real estate and office space, fell by 29.4 per cent, while infrastructure construction declined by 1.4 per cent, marking an aggregate decrease of 20.2 per cent in March 2010 on the same month the previous year.On a monthly basis, however, the trend is positive with 20.9 per cent growth on February 2010. Of this amount, 23.7 per cent was infrastructure construction and 19.1 per cent building construction.Overall, statistics indicate a 25.9 per cent decline in the first quarter in 2010 compared to the first quarter the previous year. The decline amounts to 34.5 per cent in building construction and 7.3 per cent in infrastructure, the report said.

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