Constructions

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INS: Evolution of construction works

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In February 2024, the volume of construction works increased compared to January 2024, both as gross series by 53.7% and as seasonally adjusted series by 17.5%.

Compared to February 2023, the volume of construction works decreased by 5.5% as gross series and by 5.9% as seasonally adjusted series.

During the period of January 1 to February 29, 2024, the volume of construction works decreased by 10.8% as gross series and by 11.8% as seasonally adjusted series compared to the period of January 1 to February 28, 2023.

February 2024 compared to January 2024:

Non-residential buildings Engineering constructions The volume of construction works increased as gross series by 53.7%, with notable increases in new construction works (+58.6%), current maintenance and repair works (49.8%), and major repair works (34.2%).

Regarding construction objects, there were increases in residential buildings (+87.7%), engineering constructions (+47.6%), and non-residential buildings (+45.6%).

The volume of construction works increased as seasonally adjusted series by 17.5%, with notable increases in new construction works (+21.1%), current maintenance and repair works (+18.0%), and major repair works (+13.6%).

Regarding construction objects, the volume of construction works increased for residential buildings (+71.6%), non-residential buildings (+12.9%), and engineering constructions (+10.3%).

February 2024 compared to February 2023:

The volume of construction works as gross series decreased overall by 5.5%. Notable decreases were recorded in new construction works (-7.8%) and current maintenance and repair works (-4.5%).

Major repair works increased by 9.6%. Regarding construction objects, a decrease was recorded in residential buildings (-30.6%). Non-residential buildings and engineering constructions increased by 7.7% and 2.2%, respectively.

As seasonally adjusted series, the volume of construction works decreased overall by 5.9%. New construction works decreased by 10.9%.

Notable increases were recorded in major repair works (+13.3%) and current maintenance and repair works (+5.5%). Regarding construction objects, the volume of construction works decreased for residential buildings by 19.2%. Non-residential buildings and engineering constructions increased by 8.3% and 3.7%, respectively.

January 1 to February 29, 2024, compared to January 1 to February 28, 2023:

The volume of construction works as gross series decreased overall by 10.8%. Notable decreases were recorded in new construction works (-15.1%) and current maintenance and repair works (-3.2%).

Major repair works increased by 5.2%. Regarding construction objects, decreases were recorded in residential buildings (-41.2%) and engineering constructions (-1.0%). An increase was recorded in non-residential buildings (+6.0%).

The volume of construction works decreased as seasonally adjusted series by 11.8%. New construction works decreased by 17.6%.

Major repair works and current maintenance and repair works increased by 7.0% and 4.3%, respectively. Regarding construction objects, a decrease was recorded in residential buildings (-36.9%). Non-residential buildings and engineering constructions increased by 6.7% and 3.1%, respectively.

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