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Construction production in August 2020

Construction production in August 2020

Last update: 09.10.2020
Ilustratívny obrázok/Illustrative image
Publisher: Ústredie ŠÚ SR
Topic: Sectoral statistics
Domain: Construction
Publish Date: 09.10.2020

The decline in construction output deepened to 19,2 % in August which is the highest over the last four years

In August 2020, construction output decreased by 19,2 %, year-on-year which is the highest drop over the last four years, since October 2016. According to preliminary data of the Statistical Office of the SR, the construction sector produced in August EUR 453,3 million, which is by EUR 93,3 million less than in last August. Approximately 94 % of the output was realized by domestic construction enterprises, in Slovakia.

The development of domestic construction output was not confirmed by the July´s optimistic trend of reducing the sector's decline compared to 2019, but on the contrary, the decline deepened in August. New construction, renewals and enhancements recorded a year-on-year decrease by 20,2 % (accounting for about two thirds of the domestic output). Approximately the same drop, by 18,8 %, was recorded by the output in the construction output´s second component – in repairs and maintenance.

In terms of output specification, the decline in construction works was more dynamic, in August their volume was lower by 19,6 % year-on-year (in July the decline was only 9,1 %). Performance in civil engineering in the Slovak Republic lagged behind last year by 19,2 %.

The decline also affected construction works abroad, with enterprises realizing output lower by 14 % in August.

Over the first eight months of 2020, construction output erased the increase from the beginning of the year and the sector continues to be affected by the ongoing crisis. Since the beginning of the year, compared to the corresponding period last year, construction output fell by 10 %, with the output volume of EUR 3,2 billion, which is by almost 300 million less than last year. The volume of domestic work was lower than in the corresponding period last year by 11,1 %. So far, the growth was maintained by non-domestic output, being by 5,9 % higher.


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). In August 2020, the number of working days was identical compared with the corresponding period in 2019 and from the beginning of the year. p.p. percentage point

 

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