Construction output in the Czech Republic slowed down to 0.3 percent year-on-year in April

by   CIJ News iDesk III
2024-06-06   10:16
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Construction output in the Czech Republic slowed down to 0.3 percent year-on-year in April, down from 8.3 percent in March. In April, the year-on-year decline was dampened by civil engineering construction, which includes building roads or telecommunications and energy networks, up 3.2 percent. Output in civil engineering, which is the construction of buildings, was down 2 percent year-over-year. The data were published today by the Czech Statistical Office (ČSÚ).

Last year, output in the construction sector declined year-on-year for most months, with only two months showing an increase. This year, construction output first fell year-on-year in January, then rose in February, but returned to decline in March. Moreover, the March decline was the largest since February 2021.

The indicative value of buildings for which building permits were issued in April reached CZK 45 billion. "The indicative value of buildings permitted in April fell by 16.5 per cent and this decline was in the segment of large buildings with a budget of over CZK 1 billion. The indicative value of smaller constructions increased by 9.7 percent," said Petra Cuřínová, head of the ČSÚ's Construction and Housing Statistics Department.

In April, construction of 3,642 flats was started this year, which is 35.4 percent more than in the fourth month of last year. More flats in apartment buildings were started, while the number of flats in family houses was lower year-on-year, the statisticians said. 3,916 apartments were completed, down 8.1 percent year-on-year.

Compared to the previous month, construction output was up 3 percent in April.

Source: ČSÚ and CTK

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