2019-07-25 | Construction dynamics in June 2019 (REPORT)

According to preliminary data of the Statistic Office, construction and assembly production in June was lower than in the same period of 2018 by 0.7%; compared to May this year increased by 9.3 % (a year ago growth was 24.7% and 20.6%, respectively). During January-June 2019, construction and assembly production increased by 6.6% in relation to the same period of the previous year, when an increase of 23.7% was recorded. In relation to June of the previous year, decreases in the value of construction and assembly production were recorded in units dealing with the construction of buildings (1.8%) and among units whose main activity was specialized construction works (0.6%). In units whose main activity was the construction of civil engineering works, the value of construction and assembly production remained unchanged.
 
In comparison to May 2019 the increase in the value of completed works was observed in all construction departments, whereas in units dealing with the construction of civil and water engineering facilities - by 13.5%, carrying out construction-related works - by 9.0% and in enterprises implementing specialist works - 2.7 %.
 
In the period January-June this year the largest increase (8.5%) in the value of construction and assembly production occurred in units whose main activity was the performance of specialized works. Also increases have been recorded in enterprises that construct civil and water engineering facilities (7.5%) and construction of buildings (4.2%). The value of construction and assembly production including investment works in June 2019 was 0.4% lower compared to the same month last year (a year ago an increase of 20.8%), while the value of renovations decreased 1.3%. (a year before 31.6% increase).
 
From January through June 2019 construction of 115.4 thousand apartments have begun, what is 1.5% more than in the corresponding period of the previous year. Developers have begun construction of 66.6 thousand housing spaces while the individual investors 46.1 thousand what makes 97.6% in total number of apartments. In construction both for sale and rent, as well as in individual construction, there were increases of 0.3% and 3.0% respectively in relation to 2018. Lower construction of apartments was observed in cooperative housing (1109 apartments in comparison to 1225), while higher in other forms of construction (1611 to 1327).

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