Construction output grew 3.6%, y-o-y, after working days adjustment it reached +5.0%. The lower pace of construction output growth can be related to the decrease in the volume of construction work on repairs and maintenance of buildings, delayed financing of some construction projects and a revival of construction sector in the second half of 2000 that established a higher base for comparison.
The average nominal wage increased by 7.8%, y-o-y, and reached CZK 14 778. Thus, real wages step up 3.0%, while the labor productivity improved by 3.4%.
(David Marek)