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Construction output volume down 16.1% y.o.y. in February

Construction

The volume of construction output in February 2021, based on raw data, was lower than the previous year’s level by 16.1%, according to data released by the Central Statistical Office (KSH).

Compared to February 2020, output decreased in both main groups of construction: in the construction of buildings by 16.7% and in civil engineering by 15%. According to KSH, output volume also lessened in all three divisions of construction: in the construction of buildings by 8.8%, by 11.3% in civil engineering, and in specialized construction by 21.7%.

The volume of new contracts concluded lessened by 29.4%, within it the volume of new contracts for the construction of buildings fell by 25.4%, the volume regarding civil engineering works went down by 33.6% in relation to the February 2020 base.

The volume of the February end-of-month stock of contracts at construction enterprises was 0.4% above the levels recorded at end of February 2020. The volume of contracts increased by 2.7% for the construction of buildings and lessened by 1% for civil engineering works compared to the previous year.

In January-February 2021, construction output lessened by 4.3% compared to the same period of 2020.

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