Construction producer prices rose by 2.1% in the third quarter of 2013 y.o.y.
According to adjusted data, output was up by 9.3% y.o.y. A month-on-month increase of 0.9% in the seasonally and working day adjusted production. In the first nine months of 2013, the output grew by 8.0% y.o.y.
The output of both main groups of constructions rose in September. The construction of buildings increased 8.6% y.o.y. Aside from the low base, KSH attributed the growth to the construction of industrial buildings. The construction of civil engineering works showed a growth of 9.9%, owing to railway and road construction works. Based on seasonally adjusted indices, the construction of buildings rose by 0.5% and that of civil engineering works increased by 1.2% month-on-month.
In September, out of the divisions of construction, the output of the division of construction of buildings – comprising the organization of building projects and the construction of building structures – was 12.9% higher than a year ago. The division of construction of civil engineering works increased as well, by 17.9%. The division of specialized construction activities, representing over 40% of construction output, grew by a slight 1.6% in output y.o.y.
For the month, the volume of new orders was 49.2% higher y.o.y. Within this, new contracts for building construction increased by 16.8%. This month’s rise was driven by contracts signed for industrial and healthcare buildings and, to a lesser degree, for educational facilities.
Simultaneously, new orders for civil engineering works grew y.o.y. by some 75% due to high-value contracts for highway and bypass road construction as well as for tramway track renovation.
At the end of September 2013, the stock of orders of construction enterprises was 37.6% higher than a year ago. The stock of orders for buildings was 16.6% higher y.o.y., while that for civil engineering works went up by 46.4%.
Construction producer prices rose by 2.1% y.o.y. in the third quarter. Prices increased by 1.5% in the division of construction of buildings, by 2.9% in the division of civil engineering works and by 1.9% in the division of specialized construction work. The observed subgroups of constructions saw price increases of between 1.9% and 4.2%. Construction prices increased quarter-on-quarter by 0.7%.
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