Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  April 08, 2013 09:22:14

Czech Republic - construction output rose in February by 2.3%, probably also due to the weather

Construction output in February 2013 increased by 2.3%, which was partly influenced by a low comparative base in February 2012. Building authorities granted by 5.8% less building permits and their approximate value fell by 9.9%. It was started up by 19.9% ??yoy. Were completed by 0.6% yoy.

Construction output
in February 2013 increased by 2.3%, adjusted for the number of working days increased by 3.0%. In February 2013, compared to the same month of the previous year, while one working day of less. Construction output seasonally adjusted was in February 2013, mom 3.2%. Building construction output rose by 2.2% (+1.7 percentage point contribution). Engineering output increased by 2.7% (+0.6 pp contribution).Good result of construction output was partly influenced by a low comparative base in February 2012, when extremely low temperatures (average temperature of 4.1 ° C below the long-term average) temporarily halted work on some buildings and was thus recorded decline in construction output of 16.3 %. Construction output since the beginning of the end of February 2013 decreased compared to the same period of boom of 2008 by 38.7%.

Average number of employees 1) in enterprises with 50 or more employees in the construction industry in February 2013 year decreased by 6.9%. Their average monthly nominal wage decreased by 2.1% and amounted to 25 582 CZK.

Number of building permits in February 2013 decreased by 5.8%, construction authorities granted six 384th approximate valuethese buildings reached CZK 19.0 billion and compared with the same period of 2012 dropped by 9.9%.

Number of dwellings started in February 2013 decreased by 19.9% ??and amounted to 1,477 bytes. Number of dwellings in residential buildings decreased by 41.3% for dwellings in family houses decreased by 16.4%.

Number of dwellings completed in February 2013 decreased by 0.6% and amounted to 2,079 bytes. Number of completed dwellings in residential buildings increased by 77.3%. In the houses, the number of completed dwellings decreased by 7.1%.

Construction output by Eurostat in January 2013 in the EU27 declined when adjusted for the number of working days by 8.0%. Building construction decreased by 7.7% and civil engineering by 9.5%. Data for February 2013 Eurostat published the 17th 4th 2013 at 11:00 am
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