Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 08, 2012 10:10:40

CR - construction in August fell by 4.7% yoy

Construction output in August 2012 fell year on year by 4.7%. Building authorities granted by 7.4% less building permits and their approximate value increased by 131.2%. It was started up by 15.9% yoy. Completed by 3.3% yoy.

Construction output in August 2012 fell year on year by 4.7%. Construction output seasonally adjusted was in August 2012 decreased by 1.7%. Building construction output fell by 4.8% (contribution -3.3 pp). Engineering output fell by 4.3% (contribution -1.4 pp). Construction output since the beginning of the end of August fell compared with the same period of boom of 2008 by 21.3%.

Average number of employees 1)in enterprises with 50 or more employees in the construction industry in August 2012 year decreased by 5.0%. Their average monthly nominal wage rose by 5.8% and amounted to 30 842 CZK.

The number of building permits issued in August 2012 decreased by 7.4%, building control authorities granted 9 057th approximate value of these buildings amounted to CZK 53.1 billion compared to the same period in 2011 increased by 131.2%, and mainly due to the large construction permits for energy and industry.

Number of dwellings started in August 2012 decreased by 15.9% and amounted to 1952 bytes. Number of dwellings in residential buildings fell by 28.8% of dwellings in family houses decreased by 12.6%.

Number of dwellings completedin August 2012 rose by 3.3% and amounted to 2825 bytes. The number of completed dwellings in residential buildings increased by 74.3%. In family homes, the number of completed dwellings decreased by 20.1%.

Building Products by Eurostat in July 2012 in the EU27 decreased after adjusting for the number of working days by 6.1%. Building construction decreased by 5.4% and civil engineering by 8.0%. Data for August 2012 released by Eurostat on 17th 10th 2012 at 11:00 am

Source: CSO
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