RS construction output falls 18.7% y/y in November.
The Serb Republic Institute for Statistics reported that RS construction output fell by 18.7% y/y in current prices in November, as compared to the 16.1% annual decline registered in October.
The report reveals that output in construction is expected to fall by 3% during 2012 -- and a further 45,000 skilled workers and tradespeople will be lost as economic uncertainty continues.