Construction output volume up 4.3% y.o.y.

Construction

The volume of construction output in March 2021, based on raw data, was higher than the previous year’s level by 4.3%, according to data by the Central Statistical Office (KSH).

Compared to March 2020, output of the construction of buildings main group increased by 6.4%, while it remained unchanged in civil engineering.

Out of the three divisions of construction, output volume increased by 3% in the construction of buildings, and by 7,8% in specialized construction activities. Production decreased by 1.5% in civil engineering.

The volume of new contracts concluded increased by 41.9%, within it the volume of new contracts for the construction of buildings rose by 53.4%, the volume regarding civil engineering works went up by 32.4% in relation to the March 2020 base. In March 2021, contracts of high value were signed primarily for industrial buildings and railway development.

The volume of the March end-of-month stock of contracts at construction enterprises was 13.2% higher than at the end of March 2020. The volume of contracts increased by 28.6% for the construction of buildings and by 4.2% for civil engineering works compared to the previous year.

In the first three months of 2021, construction output lessened by 2% compared to the same period of the previous year..

Construction producer prices on the rise

In the first quarter of 2021, within the divisions of construction, prices increased by 6.9% in the construction of buildings, by 6.8% in civil engineering and by 7.1% in the greatest weight-carrying specialized construction activities compared to the same period of the previous year.

Construction prices were 3.2% higher than in the previous quarter.

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