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Construction production in March 2021

Construction production in March 2021

Last update: 10.05.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Sectoral statistics
Domain: Construction
Publish Date: 10.05.2021

Construction output is catching up to a last year's level due to a growth in building construction and activities abroad

After a year-long year-on-year declines, the volume of construction works in the SR increased by 3,1 %, while civil engineering works decreased by 18,6 %. Production abroad increased significantly, with construction activities growing by almost a third year-on-year.

The total production volume reached EUR 379 million, it was the lowest value in March since 2017. Year-on-year, total production decreased by 0,8 %, the decrease was the slightest since the beginning of the year. The data were compared for the first time with the period when the effects of the coronavirus pandemic started appearing. These did not have a significant impact on the construction industry until the following months, when production began to show a significant declining trend.

The overall decline in March´s production was mitigated by the increased construction activities in repairs and maintenance, as well as a growth in activities abroad. Compared to February 2021, after seasonal adjustments, construction output was higher by 9 %.

Domestic construction production decreased, compared with March 2020, it dropped by 3,5 %, its total volume reached EUR 340,9 million. The decrease was the outcome of the year-on-year drop in the volume of work on new construction, including renewals and enhancements by 10, 4 %. The development of production performed on repairs and maintenance was more favorable; after an annual decline, it increased again for the first time. Its share in domestic production accounted for only less than a third (29,3 %), however by the 7,3 % increase it significantly a contributed to mitigating its overall decline.

In terms of output specification, civil engineering works, which include among other things, the construction of motorways, decreased by 18,6 %, compared with March 2020. However, construction of buildings started; after a year-long year-on-year decline, the volume of work increased by 3,1 % in March.

The volume of construction activities carried out abroad also increased; after two months of decline, it increased by 31,9 % year on year. The impact of the oncoming pandemic on their production in March last year has not yet manifested itself, construction activities abroad were in positive figures also a year ago (by 23,5 %). They accounted for 10,1 % of the total performance of construction output in March this year.

On average in the first quarter of 2021, compared to the corresponding period in 2020, construction output decreased by 14,1 % and reached a volume of EUR 907,9 million. Domestic output decreased by 15 % to EUR 828,9 million. The volume of construction work on new construction, including renewals and enhancements, decreased by 18,9 % to EUR 551,5 million, accounted for two-thirds of the domestic output. Repair and maintenance works also decreased by 7,8 %, their volume reached EUR 246,8 million. Production abroad decreased by 3 % compared to the first quarter of 2020.


Note: preliminary data; construction production includes volume of works realized by own employees; including estimation of production for self-employed persons and construction establishments of non-construction enterprises; absolute data are at current prices, indices are calculated from constant prices (average prices of 2015).
p.p. percentage points

 

 

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