Construction output down by 6 percent
In August 2024 compared to the same month of the previous year output decreased in both main groups of construction: the construction of buildings went down by 3.2%, that of civil engineering by 10.2%.
Among the divisions of construction, production volume dereased by 7.3% in the construction of buildings, and by 30.8% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 11.5%.
The volume of new contracts concluded fell by 19.6%. Within it the volume of contracts for the construction of buildings lessened by 27.1%, those for civil engineering decreased by 11.1%, year-on-year.
The volume of the end-of-August stock of contracts at construction enterprises was 22.8% higher than in the same period of the previous year, within it the volume of contracts was down by 5.8% for the construction of buildings and grew by 51.4% for civil engineering works.
In the first eight months of 2024 production volume in construction grew by 1.8% compared to the same period of the previous year.