Construction - August 2005

In August 2005, seasonally adjusted construction output at constant prices was 2.1% up month-on-month. The trend increased by 0.7% month-on-month (see Table 3).

Year-on-year, total construction output rose by 6.7% at constant prices. After working days adjustment (there was one more working day in August 2005), the rise was 5.4%.

The growth of construction output accelerated particularly in the area of new construction in civil engineering. The volume of construction work on repair and maintenance of constructions decreased.

The results for August 2005 proved that the period in which the reported data on construction output had been affected by the change in the VAT rate (on 1 May 2004) for construction work (except for housing construction) came to an end.

Employment in construction enterprises with 20+ employees grew by 5.1%. The average monthly wage of the employees increased by 6.8% year-on-year and reached CZK 19 083, the real wage increased by 5.0%. The average hourly wage increased by 2.5% and stood at CZK 123. Labour productivity per employee went up by 1.1% and labour productivity per hour worked fell by 3.4%. Unit wage costs rose by 5.7%.

The planning and building control authorities granted 14 397 building permits in August 2005 (of which 7 704 for new construction and 6 693 for renewals and enhancements). The approximate value of the constructions permitted in August reached CZK 36.9 billion (of which new constructions accounted for CZK 20.2 billion and renewals and enhancements for CZK 16.7 billion). The high approximate value of renewals and enhancements in August 2005 was affected by the permit granted for further large reconstruction of the railway infrastructure.

The planning and building control authorities permitted 4 166 dwellings to be constructed (an increase of 533 dwellings year-on-year), of which 3 461 dwellings in new construction (+719). The number of new dwellings to be obtained by renewals and enhancements should reach 705 (a decrease of 186). The approximate value of the newly permitted dwellings in multi-dwelling buildings reached CZK 8.3 billion. The average approximate value of a dwelling in a new residential building stood at CZK 2.3 million, which translates into CZK 18.2 thousand per m2 of floor space, the average size of dwelling being 128 m2. The average approximate value of a dwelling obtained by renewal or enhancement of an existing residential building was CZK 1.2 million (average size of the dwelling 82 m2, CZK 14.5 thousand per m2 of floor space).

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Note
Contact: Petra Cuřínová, phone (+420) 274054199, e-mail: curinova@gw.czso.cz
Data source: CZSO direct survey in enterprises and planning and building control authorities
End of data collection: 5 October 2005
End of data processing: 6 October 2005
Related publications: /1-ep-8
8201-05 Construction
8202-05 Building Permits Granted
The data for June in Table 1 have been revised and are final. The data for July and August 2005 are preliminary and will be updated when data for October are released.
The data in Table 2 are final.