Construction Sector Performance in January 2025

Significant Decline Compared to December 2024

In January 2025, the volume of construction works decreased by 67.2% as a gross series compared to December 2024. When adjusted for working days and seasonality, the decline was 0.5%.

Year-over-Year Growth

Despite the monthly drop, construction activity showed strong annual growth. Compared to January 2024:

• Gross series: Construction volume increased by 30.8%.
• Seasonally adjusted series: Construction volume rose by 34.1%.

Breakdown by Type of Work

• New construction:
• Compared to December 2024: Down 3.5% (seasonally adjusted).
• Compared to January 2024: Up 38.1% (gross series).
• Capital repairs:
• Compared to December 2024: Up 24.0% (seasonally adjusted).
• Compared to January 2024: Up 30.5% (gross series).
• Maintenance and current repairs:
• Compared to December 2024: Up 5.0% (seasonally adjusted).
• Compared to January 2024: Up 9.3% (gross series).

Breakdown by Construction Type

• Residential buildings:
• Compared to December 2024: Down 5.0%.
• Compared to January 2024: Down 59.0% (gross series).
• Non-residential buildings:
• Compared to December 2024: Up 5.8%.
• Compared to January 2024: Down 64.7% (gross series).
• Engineering works:
• Compared to December 2024: Up 11.4%.
• Compared to January 2024: Down 70.9% (gross series).

Conclusion