Construction Output Volume Down Year-on-Year

The volume of construction output based on raw data was 16.2% lower in October 2020 compared to the previous year. Output decreased in both main groups of construction: in the construction of buildings by 5.3%, in civil engineering by 26.5%.

Based on seasonally and working day adjusted indices construction output increased by 1.3% compared to the September data, since June each month’s output was higher than the previous one’s, and in October it surpassed the nadir of May by 11.8%. The increase is due to the growth in work done on buildings, the Central Statistical Office reports.

In October 2020, compared to the same month of the previous year, out of the divisions of construction, output went down by 11.0% in the construction of buildings, by 36.4% in civil engineering, specialised construction activities lessened by 3.2%. The volume of new contracts concluded increased by 17.3%, within it the volume of new contracts for the construction of buildings grew by 16.1%, the volume regarding civil engineering works rose by 18.5%.

The volume of the October end-of–month stock of contracts at construction enterprises was 10.0% lower than at the end of October 2019. The volume of contracts increased by 25.0% for the construction of buildings and decreased by 23.0% for civil engineering works compared to the previous year.