Czech building output down 10.6 in September

Czech building output fell by an annual rate of 10.6 percent in September, up from a 4.7 percent decrease in August, according to figures released by the Czech Statistical Office on Tuesday. September saw a lower number of initiated construction jobs and building permits, while the number of completed buildings posted an annual growth of 4.6 percent. Seasonally adjusted building output was 1.5 percent lower on the month. Building construction dropped by 8.2 percent and civil engineering construction was 15.8 percent lower in annual terms.