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Construction production in February 2024
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Construction production in February 2024

Last update: 11.04.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Construction
Publish Date: 11.04.2024

Construction production ended the third month in negative figures, but the rate of decrease significantly moderated

In February 2024, construction production almost reached last year's level, the lag was below 1%. This was mainly due to the slowing of the decline in the dominant domestic new construction. In terms of the production sections, construction of buildings almost caught up to last year's level, civil engineering work was down by 3%. Construction work abroad were successful again, it increased by up to 8%.

In February, the volume1) of construction production reached EUR 471 million and decreased year-on-year by 0.4%2). Construction production was lower year-on-year for the third consecutive month, but compared to the previous two months, the rate of its decrease slowed down significantly. However, after taking seasonal effects into account, construction production rose month-on-month by 5.4%.

The Statistical Office of the SR would like to inform that starting from the data for January 2024, the data for the construction were recalculated in the entire time series due to methodological adjustments - Change of the base period and the classification according to activity units (PDF - 154 kB). The change also affected indicators of other sectoral statistics.

The lagging of domestic production was influenced by the year-on-year decline in construction work in the dominant section of the sector – in new construction3) by 1.1%, but also by the ongoing double-digit decrease in a small section of the sector, namely other work by almost 18%. Only repairs and maintenance maintained a moderate growth of 0.9%. Construction production in inland accounted nearly 91% of the total construction production.

Illustrative image – graph

Download high resolution chart format PDF (115 kB) or PNG (410 kB).

In terms of production sections, construction of buildings recorded only an insignificant year-on-year decrease of 0.5%. The decline in civil engineering work, which also includes highway construction, moderated by 3.2%.

Work abroad had a positive impact on the overall result of construction production, which after two months of slowdown reached a growth of more than 8% in February. Their share in the total production was higher than 9%.

In total, for the two months of 2024, construction production recorded a volume of EUR 865 million and decreased year-on-year by 5%. The dominant domestic new construction was lower by 6.4%, on the contrary, relatively smaller repairs and maintenance increased by 2.1%.

When broken down by production sections, construction production in construction work for buildings decreased year-on-year by 4.1%, civil engineering work by 6.3%.

In the first two months, the volume of construction work abroad declined year-on-year by 8.2%.

  • 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 2021) and are preliminary
  • 3) new construction - construction including renewals and enhancements

Data source: DATAcube. database

Outputs on the topic of construction production:

Together with the publication of the data for January 2024, the entire time series were recalculated in connection with the adopted modifications of the methodology – Change of the base period and the classification according to activity units. (PDF - 154 kB)

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 (70 kB) or PNG (104 kB).

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  • Statistical Office of the SR
  • Lamačská cesta 3/C
  • 840 05 Bratislava 45
  • Slovak Republic
  • Information Services :

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  • +421 2 50 236 335
  • e-mail: info@statistics.sk

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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