Construction output volume drops by 8.2 percent

In September 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 2.0%, that of civil engineering by 17.0%.

Among the divisions of construction, production volume dereased by 17.0% in the construction of buildings, and by 39.6% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 20.9% compared to the low base of the previous year.

The volume of new contracts concludedwent up by 2.7%. Within it the volume of contracts for the construction of buildings lessened by 17.8%, those for civil engineering works increased by 24.9%, year-on-year.

The volume of the end-of-September stock of contracts at construction enterprises was 36.0% higher than in the same period of the previous year, within it the volume of contracts was up by 1.5% for the construction of buildings and grew by 71.0% for civil engineering works.

In the first nine months of 2024 production volume in construction grew by 0.9% compared to the same period of the previous year.

Construction Producer Prices within the divisions of construction, prices increased in the 3rd quarter of 2024 by 7.0% in civil engineering and grew by 5.7% in the in the greatest weight carrying specialized construction activities, and went up in a lesser degree, by 3.8%, in the construction of buildings compared to the 3rd quarter of 2023.

Construction prices were 0.9% higher than in the 2nd quarter of 2024.