Construction - February 2024

The construction output increased by 3.6%, year-on-year (y-o-y), in February. In the month-on-month (m-o-m) comparison, it was by 4.8% higher. The approximate value of permitted constructions decreased by 15.9%. The number of started dwellings decreased by 47.2%, y-o-y; the number of completed dwellings increased by 24.3%, y-o-y.

Construction output increased by 4.8%, month-on-month. In the year-on-year comparison, it increased by 3.6%. Building construction output decreased by 1.5% and civil engineering output increased by 19.4% y-o-y. “In February, construction output increased both in the year-on-year and the month-on-month comparison. It was driven by civil engineering the growth of which was also contributed to by a low comparison basis and favourable weather,” Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department of the Czech Statistical Office (CZSO), says.

The approximate value of constructions for which a building permit was granted in February reached CZK 35.0 billion and it decreased by 15.9%, y-o-y. “The February decrease in the approximate value of permitted constructions was due to repairs of transport infrastructure and new construction of residential buildings, where no construction exceeding one billion of Czech crowns was permitted,” Petra Cuřínová, Head of the Construction Statistics Unit of the CZSO, explains.

In February 2024, construction of 1 861 dwellings started; the number of dwellings started decreased by 47.2% mainly in the category of residential buildings (multi-dwelling buildings). The number of completed dwellings was 3 331, which was a y-o-y increase by 24.3% in all categories except for family houses.

According to Eurostat, construction output in the EU27 in January 2024 increased by 0.8%, year-on-year. According to a preliminary release calendar, Eurostat will release data for February 2024 on 18 April 2024.

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Notes:

Concurrently with publishing the results for January 2024, the base period for short-term statistics changed.
Indices are newly compared to the average of the year 2021 (it was 2015 before); new weighting schemes have been used that were derived from the results of structural business statistics for the year 2021. For conversion to constant prices, new price indices have been used (also based on the year 2021). For seasonal adjustment, new models in the JDEMETRA+ programme were created.
The year-on-year development of construction output (production) has been adjusted for the influence of the number of working days. Month-on-month rates have also been seasonally adjusted.

Methodology: https://www.czso.cz/csu/czso/sta_m

Responsible head at the CZSO: Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department, phone number: (+420) 736 168 543,
e-mail: radek.matejka@czso.cz
Contact person: Petra Cuřínová, Head of the Construction Statistics Unit, phone number: (+420) 737 280 494, e- mail: petra.curinova@czso.cz
Method of data acquisition: direct surveys of the CZSO (Stav 1-12 and Stav 2-12)
End of data collection: 2 April 2024
Related outputs: https://www.czso.cz/csu/czso/sta_ts
https://www.czso.cz/csu/czso/bvz_ts
international comparison in EU countries: Eurostat
Next news release will be published on: 7 May 2024

Attachments

⇩ asta040824.docx
Annexes:
⇩ Table 1 Selected indicators on construction (year-on-year indices for the month)
⇩ Chart 1 Construction production indices (year-on-year indices for the month)
⇩ Chart 2 Construction production indices (base indices)
⇩ Chart 3 Construction production indices, international comparison (base indices)