Construction output volume up 29% in December

Construction

The volume of construction output in December 2021 surpassed the previous year’s level by 29% according to raw data published by the Central Statistical Office (KSH).

 

Compared to December 2020, output rose in both main groups of construction: by 32.7% in the construction of buildings and by 24.8% in civil engineering. Output in the divisions of construction grew by 46.9% in the construction of buildings, and by 22.4% in civil engineering. Specialized construction activities increased by 22.5% compared to the previous year.

The volume of new contracts concluded lessened by 7.7%, within it the volume of new contracts for the construction of buildings was 11.2% lower and the volume regarding civil engineering decreased by 3.7% in relation to the December 2020 base.

The volume of the end-of-December stock of contracts at construction enterprises was 13.1% below the end-of-December-2020 level. The volume of contracts was down by 13.9% for the construction of buildings and by 12.5% for civil engineering, year-on-year.

In Q4 2021, construction producer prices rose by 16.7% compared to the same period of the previous year. Within the divisions of construction, prices increased by 19.1% in the construction of buildings as well as in the greatest weight-carrying specialized construction activities, and by 11.1% in civil engineering compared to Q4 2020.

The fourth quarter’s construction prices were 4.6% higher than in the previous quarter.

Construction output up 13.3% in 2021

In 2021 as a whole, construction output rose by 13.3% compared to 2020, within it the construction of buildings was up by 17.1% and civil engineering by 9.1%. In 2021 the amount of contracts concluded were 0.4% higher than in the previous year, within it 4.3% fewer for buildings and 5.9% more for civil engineering works.

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