In August 2023, the volume of construction works increased compared to July 2023, both as gross series by 11.8% and as an adjusted series based on working days and seasonality by 4.6%.

Compared to August 2022, in August 2023, the volume of construction works increased by 19.4% as a gross series and by 18.1% as an adjusted series.

From January 1 to August 31, 2023, the volume of construction works increased by 13.2% as a gross series and 13.7% as an adjusted series compared to the same period in 2022.

Here's a breakdown of the changes in construction works for August 2023 compared to July 2023 and August 2022:

August 2023 compared to July 2023:

• The gross series showed an 11.8% increase in construction works, with significant growth in new construction (+15.4%), major repairs (+9.6%), and current maintenance and repair (+2.5%).
• Adjusted for working days and seasonality, there was a 4.6% increase, mainly driven by new construction (+7.3%), while major repairs and current maintenance and repair declined by 3.0% and 1.7%, respectively.

August 2023 compared to August 2022:

• The gross series reported a total increase of 19.4% in construction works, with new construction showing significant growth (+26.8%), major repairs (+6.0%), and current maintenance and repair (+5.5%).
• On a structural level, there were notable increases in engineering construction (+40.9%) and non-residential buildings (+7.7%), while residential buildings decreased by 8.7%.
• When adjusted for working days and seasonality, the volume of construction works increased by 18.1%, with new construction leading the way (+25.7%), followed by current maintenance and repair (+7.8%) and major repairs (+6.5%).
• Structural increases were observed in engineering construction (+39.5%) and non-residential buildings (+7.8%), while residential buildings decreased by 8.5%.

January to August 2023 compared to January to August 2022:

• The gross series registered an overall increase of 13.2% in construction works, with significant growth in major repairs (+27.5%), new construction (+12.8%), and current maintenance and repair (+9.3%).
• On a structural level, there were increases in engineering construction (+34.4%) and non-residential buildings (+1.2%), while residential buildings decreased by 6.8%.
• In terms of the adjusted series, there was a 13.7% increase, with major repairs leading the way (+28.1%), followed by new construction (+12.9%) and current maintenance and repair (+8.3%).
• On a structural level, there were increases in engineering construction (+33.6%) and non-residential buildings (+1.5%), while residential buildings decreased by 5.9%.