Construction output volume up 22.5% y.o.y. in July

Construction

The volume of construction output in July 2021 surpassed the level one year earlier by 22.5% according to raw data published by the Central Statistical Office (KSH).

 

Compared to July 2020, output rose in both main groups of construction: by 21.1% in the construction of buildings and by 25.4% in civil engineering.

Output grew in all the three divisions of construction: by 27.4% in the construction of buildings, by 11% in civil engineering, and by 27.3% in specialized construction activities.

The volume of new contracts concluded increased by 47.3%, within which the volume of new contracts for the construction of buildings was 38.3% and the volume regarding civil engineering 56.5% higher in relation to the July-2020 base.

The volume of the end-of-July stock of contracts at construction enterprises was 19.1% above the end-of-July-2020 level. The volume of contracts was up by 32.6% for the construction of buildings and by 10.4% for civil engineering compared to a year earlier.

In January-July 2021, construction output rose by 9.8% compared to the same period of 2020.

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