Construction growth in April well below expectations
21:05
Construction and assembly production increased by 9.3 percent in April on an annual basis, the Central Statistical Office (GUS) said. This is much less than the market consensus.
Analysts had expected the figure to rise by 18.5 percent in annual terms.
The result of 9.3 percent is lower than even some pessimistic forecasts. Analysts at mBank, for example, had expected growth of 13.6 percent y/y.
Construction performed worse in April than in March. GUS reported a 5.9 percent m/m decline in production in this sector.
