Skip to main content link using access key S.
Statistical Office SR
PortalMenuPortlet
Construction confidence indicator in October 2020
Print Mail TW FB WA

Construction confidence indicator in October 2020

Last update: 28.07.2021
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 28.10.2020

In October compared with the previous month, the confidence indicator in construction decreased by 7 points to -49,5 due to less favourable evaluations of the overall level of orders and the expected employment. The current result is below the long-term average by 25,5 points.

Compared with the situation in the previous month, the indicator of the building activity trend over the past three months deteriorated by 17 points to -37, mainly due to enterprises performing civil engineering works. A decrease of the construction activity was recorded by 34 % of respondents, its increase by 8 % of respondents, and 58 % of enterprises considered it to be unchanged. Compared with September, the evaluation of the current level of overall order books deteriorated by 7 points to -72. 69 % of respondents consider them to be insufficient, 31 % to be sufficient and for 0 % respondents the current level of orders was more than sufficient. 41 % of respondents included insuffient demand, 36 % of respondents financial constraints, 26 % shortage of employees, 15 % weather conditions and 4 % lack of materials and mechanisms into the most significant factors limiting a growth of construction production currently. Respondents also report: restrictions related to the coronavirus pandemic and their negative impact on the economy, cancellation of orders and lack of orders. 15 % of enterprises do not see any barriers of growth currently. Expectations of respondents in estimation of the employment development deteriorated month-on-month, the business balance of the expected number of employees, decreased by 7 points to -27, mainly due to enterpirses performing construction of buildings and specialized construction works. Over the next three months, 36 % of respondents expect a decrease of employment, 59 % expect a stable development and 5 % of enterprises expect an increase. Compared with September, the business balance of the expected construction production prices over the next three months increased by 3 points to -8. An increase of the price level of their production is expected by 10 % of respondents, 71 % do not expect price changes and their decrease is assumed by 19 % of respondents.

Based on order, enterprises have reserved work fo 8,6 months, on average. By size groups, work is ensured mainly in enterprises employing 500 and more people (12,8 months) and in terms of production specification, in enterprises perfoming civil engineering works (10,7 months). In territorial terms, respondents confirmed the most works upon contract in the regions of Bratislava (11,6 months) and the lowest in Košice (3,7 months) and in Trnava (3,2 months).

Note: In October 2020, 322 respondents participated in the survey representing the entire construction sector. The values of the confidence indicator in construction and the balances range from -100 (responses of all respondents are pessimistic) to 100 (responses of all respondents are optimistic). Confidence indicator and balances on republic level are seasonally adjusted.

  • Issued by :

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

  • tel. +421 2 50 236 339
  • +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.


/wps/portal/ext/products/informationmessages/inf_sprava_detail Construction confidence indicator in October 2020 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail