Construction output decreased only slightly in March 2020

Cristian Hatis
1 Min Read

In March 2020, the construction output decreased by 3.1%, m-o-m, in real terms. In the year-on-year comparison, it decreased by 2.3%. Compared to the corresponding month of the previous year, the production in building construction decreased by 5.4% (contribution −4.3 percentage points (p. p.)).

The production of civil engineering construction increased by 10.4%, y-o-y (contribution +2.0 p. p.). 

The average registered number of employees in construction decreased by 1.2%, y-o-y, in March 2020. Their average gross monthly nominal wage increased by 3.4%, y-o-y, in March 2020. 

In March 2020, the planning and building control authorities granted 6 222 building permits; it was 14.0% down, y-o-y. The approximate value of the permitted constructions was CZK 29.0 billion and compared to the corresponding period of 2019 it decreased by 17.4%. 

The number of dwellings started decreased in March 2020 by 30.2%, y-o-y, and reached the number of 2 947 dwellings. The number of dwellings started in family houses decreased by 23.5%. The number of dwellings started in multi-dwelling buildings decreased by 42.3%.

The number of completed dwellings decreased by 6.8%, y-o-y, in March 2020 and amounted to 2 226 dwellings. The number of completed dwellings in family houses decreased by 14.5%, while the number of completed dwellings in multi-dwelling buildings increased by 20.1%.

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