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Construction Output Rises Sharply in April

Construction

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Construction output volume, based on raw data, was over the previous year’s level by 15.6% in April 2024, according to data published by the Central Statistical Office (KSH).

 

Compared to the same month of 2023, the output of both main groups of construction grew: the construction of buildings rose by 10.8%, and that of civil engineering grew by 22.6%.

Among the divisions of construction, production volume increased by 26.7% in the construction of buildings, and by 4.7% in civil engineering. Production in specialized construction activities having the largest weight in construction, expanded by 14.3%.

The volume of new contracts concluded grew by 23.0%. Within it the volume of contracts for the construction of buildings increased by 16.5%, that for civil engineering by 30.9%, year-on-year.

The volume of the end-of-April stock of contracts at construction enterprises lessened by 0.5% compared to the same period of the previous year, within this, the volume of contracts was up by 1.1% for the construction of buildings and decreased by 2% for civil engineering works.

In the first four months of 2024, production volume in construction grew by 5.7% year-on-year.

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