Construction - May 2004
Builders reported low construction volume
Publication Date: 09. 07. 2004
Product Code: r-8202-04
According to reported figures, construction output at constant prices decreased by 2.4% or 3.7% (WDA - there was 1 more working day in May 2004) y-o-y.
Further to the April unusually high growth of construction output (change VAT rate for construction work), a decrease in the volume of construction output was reported in May. The decrease occurred differentially in the whole structure of construction work as well as in all size groups of construction enterprises. According to CZSO model calculations (based on the development of employment, hours worked and labour productivity indicate) approximately one third of the April growth was corrected.
The number of persons employed in construction enterprises with 20+ employees in May rose by 3.9%. The average monthly wage of employees reached CZK 17 228 and increased by 2.3% y-o-y; real wage decreased by 0.4%. Average hourly wage amounted to CZK 109 and decreased by 2.6%.
Planning and building control authorities granted 13 981 building permits (of which 6 889 for new construction and 7 092 for renewals and enhancements). The approximate value of the constructions permitted in May was CZK 24.7 billion (of which new constructions accounted for CZK 16.0 billion and renewals and enhancements for CZK 8.7 billion).
Planning and building control authorities permitted 3 296 dwellings to be constructed. New construction should provide 2 618 dwellings – an increase of 595 year-on-year. The number of new dwellings obtained by renewals and enhancements was 678. The approximate value per dwelling was CZK 2.3 million (new construction) or CZK 1.1 million (renewals and enhancements).
Note
Contact: Josef Vlášek, phone (+420) 241019115, e-mail: vlasek@gw.czso.cz
Data source: CZSO direct survey in enterprises; planning and building control authorities
End of data collection: 2 July 2004
End of data processing: 7 July 2004
Related publications: 8201-03 Construction ( https://csu.gov.cz )
8202-03 Building Permits Granted ( https://csu.gov.cz )
The data in Table 1 are final for March; the data for April and May are preliminary and will be updated when data for July 2004 are released.
The data in Table 2 are final.