KSH notes that the economic effects of the coronavirus epidemic on the construction industry as a whole were significant in June.

Output decreased in both main groups of construction: in the construction of buildings by 14.2%, in civil engineering by 17.5% compared to June 2019.

The volume of new contracts concluded fell by 44.8% y.o.y., within it the volume of new contracts for the construction of buildings fell by 34.4%, while the volume for civil engineering works dropped by 55.6%.

The volume of the June end-of-month stock of contracts at construction enterprises was 19.2% lower than at the end of the same month of the previous year. The volume of contracts increased by 5% for the construction of buildings and decreased by 29.1% for civil engineering works, compared to the previous year.

Based on seasonally and working-day adjusted indices construction output increased by 6.2% compared to the May data.

In the first half of 2020, construction output was 7.4% lower than in the same period of 2019.

Construction producer prices up 7.7% y.o.y. in Q2

In the second quarter of 2020, construction producer prices increased by 7.7% compared to the same period of the previous year.

Within the divisions of construction, prices increased by 7.5% in the construction of buildings, by 7.6% in civil engineering and by 8% in the greatest weight-carrying specialized construction activities compared to the same period of the previous year.

Construction prices were 1.6% higher than in the previous quarter.