construction

Serbia’s Construction Output Rebounds as Building Activity Outpaces Infrastructure

Serbia’s construction activity returned to growth in the second quarter, driven by a sharp increase in building work while infrastructure and industrial construction continued to contract. The value of construction work rose 9.0% in real terms year on year, reversing a 9.7% decline in the first quarter. Building Construction Drives Sector Recovery Building construction recorded a 32.4% increase, providing the main contribution to the sector’s recovery. By contrast, construction involving roads, pipelines, complex industrial facilities and other civil-engineering structures declined…