The Estimated Tender Value index continued to decline and fell for the 5th consecutive month in June 2022, down 1.5 percent m-m to 148.9, following the 3.9 percent and 4.9 percent decline in the previous two months. In real terms civil tender values fell by 30 percent y-y during the first six months of 2022 compared to last year. The index is based on estimated monthly civil tender values (in constant prices), smoothed over a running 12 month period.
