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Construction production in July 2022
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Construction production in July 2022

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In July, construction output rose slightly, it was in positive numbers due to a one-third increase in works abroad

In July 2022, the performance of the construction in July 2022 was mainly influenced by inflation, despite the high growth in current prices, the positive result converted to constant prices was only minimal. The development was influenced by a slight decrease in domestic construction output, where the increase in civil engineering works was not enough to compensate for the decrease in work on buildings. The overall result was positively affected by a high increase in foreign output.

The volume of construction work1) in July reached EUR 541 million and construction output2) thus increased by 1.8% year-on-year. After four months of alternating growth and decline, July became the fourth growth month of the year.

On a month-on-month basis, after seasonal adjustment, construction output was higher by 3.1% than last month.

Output carried out by domestic enterprises (its share in total production is 87.7%) dropped by 1.4% compared to July 2021. Even the slight growth (in constant prices) of the most significant new construction3) failed to cover the 4.7% decline in repair and maintenance work. It represented a quarter of the volume of domestic output.

Illustrative image - graph

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In terms of the production focus, domestic output was lowered mainly by works on buildings, which dropped by 5.3% year-on-year. Their share in domestic output was almost 68%. Works on engineering constructions, which also includes the construction of highways, increased by 8% year-on-year, but this growth was not sufficient to push domestic production to a positive result.

The overall result of the industry in July 2022 was maintained with almost a third year-on-year increase in works abroad.

In total, for the first seven months of 2022, construction output reached a volume of almost EUR 3.2 billion and it increased by 0.2%, year-on-year. The volume of work both on new construction3) as well as on repairs and maintenance increased slightly. Overall, works abroad had a year-on-year growth by more than 7%.

Outputs on the topic of construction production:

The electronic publication Construction output, employees and wages in construction enterprises of the SR has been transformed into data cubes in the DATAcube database, which provide users with data in a longer time series and a more detailed structure. Extended monthly data on the subject of construction output will be available on September 13, 2022 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 2021, which can be found in the Catalogue of publications.

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