Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 06, 2012 09:04:50

CR - construction fell again in July by 0.5%


Construction output in July 2012 fell year on year by 0.5%. Building authorities granted by 9.0% less building permits and their approximate value fell by 10.8%. It was started up by 17.0% yoy. Were completed by 5.7% yoy.

Construction output in July 2012 dropped by 0.5% in real terms, adjusted for working days decreased by 1.7%. In July 2012, compared to the same month of the previous year by one working day. Construction output seasonally adjusted was in July 2012, mom 1.6%. Building construction output rose by 3.9% (+2.6 percentage point contribution), and this growth is driven primarily by a small construction company. Engineering output fell by 9.6% (contribution -3.1 pp).Construction output since the beginning of the end of July fell compared with the same period of boom of 2008 by 22.6%.

Average number of employees 1) in enterprises with 50 or more employees in the construction industry in July 2012 year decreased by 4.5%. Their average monthly nominal wage rose by 2.8% and amounted to 30 915 CZK.

The number of building permits issued in July 2012 decreased by 9.0%, building permits granted 8 335th approximate value of the buildings was CZK 25.5 billion and compared with the same period in 2011 decreased by 10.8%.

Number of dwellingsin July 2012 decreased by 17.0% and amounted to 1901 bytes. Number of dwellings in residential buildings fell by 48.5% of dwellings in family houses decreased by 17.1%.

Dwellings completed in July 2012 rose by 5.7% and amounted to 2021 bytes. Number of completed dwellings in residential buildings fell by 37.6%. In family houses, the number of completed dwellings increased by 48.4%.

Building Products by Eurostat in June 2012 in the EU27 decreased after adjusting for the number of working days by 5.8%. Building construction decreased by 5.6% and civil engineering by 9.3%. Data for July 2012 released by Eurostat on 19th 9th 2012 at 11:00 am

Source: CSO
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