Heavy Fall in Construction Industry Output Volume

The volume of construction output in February 2021, based on raw data, was lower than the previous year’s level by 16.1%. Output decreased in both main groups of construction: in the construction of buildings by 16.7%, in civil engineering by 15.0%.

In February 2021, compared to the same month of the previous year:
– Output decreased in both main groups of construction: in the construction of buildings by 16.7% and in civil engineering by 15.0%.

– Output volume lessened in all three divisions of construction: in the construction of buildings by 8.8%, by 11.3% in civil engineering, and in specialised construction by 21.7%.

– The volume of new contracts concluded decreased by 29.4%, within it the volume of new contracts for the construction of buildings fell by 25.4%, the volume regarding civil engineering works went down by 33.6% in relation to the February 2020 base.

– The volume of the February end-of –month stock of contracts at construction enterprises was 0.4% higher than at the end of February 2020. The volume of contracts increased by 2.7% for the construction of buildings and lessened by 1.0% for civil engineering works compared to the previous year.