Construction output volume up 14.5% y.o.y. in Oct

Construction

The volume of construction output in October 2021 surpassed the previous year’s level by 14.5% according to raw data by the Central Statistical Office (KSH).

Compared to October 2020, output rose in both main groups of construction: by 19.7% in the construction of buildings and by 9.7% in civil engineering.

Output in the divisions of construction grew by 23.2% in the construction of buildings, and by 8.7% in civil engineering. Specialized construction activities increased by 13% compared to the previous year.

The volume of new contracts concluded lessened by 3.7%, within it the volume of new contracts for the construction of buildings was 4.5% lower and the volume regarding civil engineering went down by 2.9% in relation to the October 2020 base.

The volume of the end-of-October stock of contracts at construction enterprises was 6.7% above the end-of-October-2020 level. The volume of contracts was up by 12.6% for the construction of buildings and by 2.8% for civil engineering, year-on-year.

In the first 10 months of 2021, construction output rose by 11% compared to January-October 2020.

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