Czech construction output rises by 2.5% year-on-year in November 2024

In November 2024, construction output in the Czech Republic increased by 2.5% year-on-year (y-o-y) and by 1.8% month-on-month (m-o-m), according to data from the Czech Statistical Office (CZSO). The rise in output was partly influenced by a low comparison base from November 2023, which saw record rainfall for the month since 1961.

Building construction output grew by 1.9% y-o-y, while civil engineering construction posted a stronger increase of 3.4%.

The total value of constructions approved through building permits reached CZK 43.0 billion in November, marking a 2.6% increase y-o-y.

In November, construction began on 3,600 dwellings, representing a significant 62.4% y-o-y increase. This surge was driven largely by multi-dwelling buildings, with most of these projects concentrated in Prague and the Jihomoravský Region. “The number of dwellings started increased fourfold in the multi-dwelling building category,” explained Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department at the CZSO.

In contrast, the number of completed dwellings fell sharply. A total of 2,282 dwellings were completed in November, down 38.1% y-o-y.

According to Eurostat, construction output in the EU27 decreased by 0.8% y-o-y in October 2024. Data for November 2024 is scheduled for release on January 20, 2025, providing further insights into regional trends.

The November construction activity reflects a mixed picture of recovery and ongoing challenges, with residential construction showing notable growth in starts while completions remain subdued.

Source: Český statistický úřad (ČSÚ)