Construction output volume up 3.2% y.o.y. in April

Construction

The volume of construction output in April 2022 surpassed the previous year’s level by 3.2%, according to raw data published by the Central Statistical Office (KSH). 

Out of the two main groups of construction, output in the case of construction of buildings lessened by 1.2% year-on-year, and that of civil engineering grew by 11.4%.

Among the divisions of construction, production decreased by 12.8% in the construction of buildings. At the same time, civil engineering output rose by 9.5%, and specialized constructions output went up by 13.2% compared to the previous year’s level.

The volume of new contracts concluded increased by 33.9%, within it the volume of new contracts for the construction of buildings was 43.4% higher and the volume regarding civil engineering grew by 25.2% in relation to the April 2021 base.

The volume of the end-of-April stock of contracts at construction enterprises was 8% above the end-of-April-2021 level. The volume of contracts was down by 8.8% for the construction of buildings and up by 20.6% for civil engineering, year-on-year.

In the first four months of 2022, construction output rose by 12.1% compared to the same period of 2021.

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