Construction output volume up 5% y.o.y. in November
The volume of construction output in November 2020, based on raw data, surpassed the previous year’s level by 5%, the Central Statistical Office (KSH) notes.
Compared to November 2019, output increased in both main groups of construction: in the construction of buildings by 7.7% and in civil engineering by 2.2%.
Out of the divisions of construction, output expanded by 4.7% in the construction of buildings, by 1.4% in civil engineering, and in specialized construction activities by 7.9%.
The volume of new contracts concluded increased by 55.5%, within it the volume of new contracts for the construction of buildings grew by 87.1%, the volume regarding civil engineering works rose by 35.5%, according to data by KSH.
The volume of the November end-of-month stock of contracts at construction enterprises was 2.7% higher than at the end of November 2019. The volume of contracts increased by 53.8% for the construction of buildings and decreased by 15.0% for civil engineering works compared to the previous year.
Compared to October 2020, the volume of construction output grew by 12.1%.
Construction output lessened by 9.9% in the first 11 months of 2020 compared to the same period of 2019.
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