Construction decreased by 3.2% year-on-year in November, it was mainly slowed by a double-digit decline in work abroad

In November 2022, the performance of construction decreased year-on-year for the second month in a row. It was mostly affected by a decline in non-domestic output, the highest so far in 2022. Domestic output also was in negative numbers, due to a fall in other construction works.

Construction output¹⁾ decreased year-on-year by 3.2%²⁾ and reached a value³⁾ of almost 680 million in November. November was thus the seventh month in 2022, when construction output at constant prices failed to produce the same value than a year ago.

On a month-to-month basis, after taking seasonal effects into account, construction output was by 2% lower than the previous month.

Output carried out by domestic companies (its share in total production was almost 92%) decreased by 0.2% compared to November 2021. The two most significant items were in positive numbers year-on-year, new construction⁴⁾ rose by 2.2%, repairs and maintenance by 1.3%. Despite this, they were unable to increase domestic output, and its decline was influenced by a significant drop in the smallest item of construction output, other construction work, by almost a half (other construction work includes work for geological exploration, soil clearing, or demolition in places where construction will not be continued).

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From the point of view of the production specification, works on buildings decreased by 5.1% year-on-year, their share in domestic output represented almost 63%. Work on engineering constructions, which also includes the construction of highways, increased by 9.2% year-on-year.

The overall result of the sector was mainly influenced by work abroad, which recorded the most significant decrease in 2022 by almost 27% in November.

In total, for the first eleven months of 2022, construction output reached the volume of almost EUR 5.7 billion and compared to the same period of 2021 it decreased by 0.4%. Domestic new construction increased by 0.6% year-on-year, repairs and maintenance remained at the level of the last year.