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INS: Evolution of construction works at the end of 2024

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Construction Works Volume in December 2024

In December 2024, the volume of construction works increased compared to November 2024 by 26.3% in gross series and by 3.3% in seasonally and working-day adjusted series.

Compared to December 2023, the volume of construction works decreased by 11.6% in gross series and by 14.3% in seasonally and working-day adjusted series.

For the entire year 2024, the volume of construction works decreased by 5.9% compared to 2023 in gross series.

December 2024 Compared to November 2024

The volume of construction works increased by 26.3% in gross series, with growth observed in:

  • Capital repair works (+40.3%)
  • Maintenance and current repair works (+27.2%)
  • New construction works (+23.8%)

By construction type, increases were recorded in:

  • Residential buildings (+51.6%)
  • Non-residential buildings (+32.6%)
  • Engineering construction works (+17.5%)

In the seasonally and working-day adjusted series, the volume of construction works increased by 3.3%, with growth in:

  • Capital repair works (+12.2%)
  • New construction works (+5.4%)
  • Maintenance and current repair works (+5.3%)

By construction type, increases were recorded in:

  • Residential buildings (+25.6%)
  • Non-residential buildings (+12.5%)

Engineering construction works decreased by 1.4%.

December 2024 Compared to December 2023

The volume of construction works in gross series decreased overall by 11.6%, with declines in:

  • Maintenance and current repair works (-14.7%)
  • New construction works (-11.2%)
  • Capital repair works (-7.9%)

By construction type, decreases were recorded in:

  • Non-residential buildings (-13.5%)
  • Engineering construction works (-11.1%)
  • Residential buildings (-10.0%)

In the seasonally and working-day adjusted series, the volume of construction works decreased overall by 14.3%, with declines in:

  • New construction works (-16.1%)
  • Maintenance and current repair works (-14.0%)
  • Capital repair works (-7.4%)

By construction type, decreases were recorded in:

  • Engineering construction works (-17.4%)
  • Non-residential buildings (-15.0%)
  • Residential buildings (-6.6%)

Year 2024 Compared to Year 2023

In gross series, the volume of construction works decreased overall by 5.9%, with declines in:

  • Maintenance and current repair works (-11.2%)
  • New construction works (-5.3%)

Capital repair works increased by 1.8%.

By construction type, decreases were recorded in:

  • Residential buildings (-22.1%)
  • Non-residential buildings (-8.0%)

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