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Construction output volume up 14.2% y.o.y. in September

Construction

The volume of construction output in September 2021 surpassed the previous year’s level by 14.2% according to raw data published by the Central Statistical Office (KSH).

 

Compared to September 2020, output increased in both main groups of construction: by 21.2% in the construction of buildings and by 6.7% in civil engineering.

Output in the divisions of construction grew by 30.1% in the construction of buildings, and by 12.7% in civil engineering. In specialized construction activities, it rose by 6.3% compared to the previous year.

The volume of new contracts concluded decreased by 16.1%, within it the volume of new contracts for the construction of buildings increased by 28.4% and the volume regarding civil engineering was 34.9% lower in relation to the September 2020 base.

The volume of the end-of-August stock of contracts at construction enterprises was 12.9% above the end-of-September-2020 level. The volume of contracts was up by 21.4% for the construction of buildings and by 7.7% for civil engineering year-on-year.

In Q1-Q3 2021, construction output rose by 10.5% compared to the same period of 2020.

In the 3rd quarter, within the divisions of construction, prices increased by 14.8% in the construction of buildings, by 8.6% in civil engineering and by 14.4% in the greatest weight-carrying specialized construction activities compared to Q3 2020.

Construction prices in Q3 2021 were 4.2% higher than in the previous quarter.

 

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