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Construction production in December 2023
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Construction production in December 2023

Last update: 09.02.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Construction
Publish Date: 09.02.2024

Construction slowed down sharply in December, the annual result still ended in positive values

Overall, the performance of construction for the entire year 2023 increased slightly year-on-year. The double-digit growth rate of civil engineering works was overlapped by a slight slowdown in the dominant construction of buildings. The weak December result did not help the sector either, when construction production dropped by double digits.

In December 2023, construction production1) reached a value of EUR 657.6 million, which represented a year-on-year drop of 12.1%2). During the year, construction slowed down 3 times year-on-year, the decline in December was higher than in March and April.

Inland production decreased year-on-year by 12.3%, which was influenced by the most significant slowdown of activities in important new construction3) by up to a fifth. The positive values of the smaller components of production have moderated, but not equalized. Abroad production also declined by almost 11%.

Illustrative image – graph

Download high resolution chart format PDF (81 kB) or PNG (160 kB).

Also in terms of production specification (according to the type of construction), both components recorded a year-on-year decrease - both construction of buildings and civil engineering work.

In a month-on-month comparison with November 2023, after taking seasonal effects into account, construction production was lower by 9.9%.

Development of construction production in 2023

The construction sector for the entire year 2023 produced works in the amount of EUR 7.1 billion. After inflation adjustment and converting to constant prices, the performance sector increased year-on-year by only 1.1%. In the assessment of long-term development, last year was one of the seven years when construction recorded a year-on-year increase. However, growth dynamics was the lowest since 2009 (compared to the sector's revised/definitive annual data to 2022).

In 2023, positive result of construction was mainly due to a rise of the strongest component of new construction, reconstructions and modernizations by 4.4%. On the contrary, in the annual balance, repairs and maintenance recorded a decrease of 4%.

Illustrative image – graph

Download high resolution chart format PDF (82 kB) or PNG (224 kB).

In terms of production specification, the positive result of the sector is the result of a double-digit growth of almost 15% of civil engineering works. A rise of the smaller component was thus able to overlap a decline of the dominant building construction by less than 4%.

Work carried out abroad in the annual summary decreased by 4.5% year-on-year, but represented only less than 10% of the total production of Slovak construction companies.

  • 1) construction output includes the volume of work realized by own employees, including estimation of output for self-employed persons and construction establishments of non-construction enterprises, absolute data are at current prices
  • 2) the indices are at constant prices (average of 2015) and are preliminary
  • 3) new construction - construction including renewals and enhancements

Data source: DATAcube. database

Outputs on the topic of construction production:

Monthly data on construction production are released monthly within 40 days after the end of the reference period, absolute data as well as indices re preliminary and they are adjusted quarterly, in the month after the end of the quarter. More in the Methodology.

Extended monthly data in a more detailed structure on the subject of construction production are available in section 4. Industry statistics/4.3.1 Construction production and sales.

Year-round data on the development of the construction industry are in the DATAcube database. in chapter 4.3-Construction and also in the publication Yearbook of Construction in SR 2023, which can be found in the Catalogue of publications.

The Statistical Office of the SR releases the chart „Structure of the construction production in 2023", which illustratively presents the structure of the sectoral production (Section F SK NACE). The chart is compiled from preliminary data for 12 months of 2023.

Illustration image - Graph

Download high resolution chart format PDF (69 kB) or PNG (101 kB).

  • Issued by :

  • Statistical Office of the SR
  • Lamačská cesta 3/C
  • 840 05 Bratislava 45
  • Slovak Republic
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While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic. The Statistical Office of the SR creates high-quality statistics useful for society according to 16 principles regarding the institutional environment, statistical processes and outputs in line with the Code of Practice for European Statistics.

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