Construction - October 2024

Construction output increased by 3.8%, month-on-month, in October. “Construction output decreased by 3.6%, year-on-year, in October and the decrease was contributed to by both civil engineering and building construction,” Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department of the Czech Statistical Office (CZSO), says. Production in building construction decreased by 3.1% and in civil engineering construction by 4.3%, year-on-year.

“The approximate value of constructions, for which a building permit was granted in October, reached CZK 43.5 bn and decreased by 17.6%, y-o-y. The decrease is rather owing to a high comparison basis from October 2023, when eight large constructions were permitted with budgets over one billion crowns. After their deduction, the approximate value would increase by 12%,” Petra Cuřínová, Head of the Construction Statistics Unit of the CZSO, explains.

Construction of 2 571 dwellings started in October and the number decreased by 14.6%, year-on-year. 1 846 dwellings were completed, which was a year-on-year decrease by 48.4%.

According to data of Eurostat, construction output in the EU27 in September 2024 decreased by 2.0%, year-on-year. According to a preliminary release calendar, Eurostat will release data for October 2024 on 18 December 2024.