KSH: Construction output up 11.4% in 2013
Today’s release from the Central Statistics Office (KSH) focuses on the construction industry, with the latest round of figures showing an increase of 11.4% year-on-year in December. For 2013 as a whole, KSH reports that a 9.6% y.o.y. upswing was seen.
Building construction and civil-engineering projects increased over 2013 by 10.4% and 8.6%, respectively, while the volume of new contracts signed by construction enterprises was 29.5% higher y.o.y.
In December 2013, a month-on-month decrease of 1.3% in the seasonally- and workday-adjusted production was observed.
Output rose y.o.y. in both main groups of constructions, i.e. in the construction of buildings and civil engineering works by 12.8% and 9.3% respectively. Based on seasonally adjusted indices, the construction of buildings was down by 1.0% while that of civil engineering works rose by 0.2% m.o.m.
At the end of December 2013, the stock of orders of construction enterprises was 64.9% higher than a year ago. The stock of orders for buildings was 9.0% higher than one year before, while that for civil engineering works increased 85.0%.
Construction producer prices rose by 2.3% y.o.y. for the fourth quarter.
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