Construction output volume up 42.3% y.o.y. in February

Construction

The volume of construction output in February 2022 surpassed the previous year’s level by 42.3% according to raw data published by the Central Statistical Office (KSH).

Compared to February 2021, the volume of output in the construction of buildings increased by 56.2%, and in civil engineering, it grew by 20%.

Output in the divisions of construction grew by 69.8% in the construction of buildings, and by 6.8% in civil engineering. Specialized construction activities increased by 40.4% compared to the previous year.

The volume of new contracts concluded increased by 92.7%, within it the volume of new contracts for the construction of buildings was 65.3% higher and the volume regarding civil engineering grew by 128.2% in relation to the February 2021 base.

The volume of the end-of-February stock of contracts at construction enterprises was 19.2% above the end-of-February-2021 level.

The volume of contracts was up by 15.6% for the construction of buildings and by 21.7% for civil engineering, year-on-year.

In the first two months of 2022, construction output rose by 22.7%. compared to January-February 2021.

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