Construction enjoyed mini-boom in first quarter

Take note – story published 1 year ago

The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that, compared to Q1 2022, in Q1 2023 construction output rose by 17 % (according to calendar adjusted data at constant prices). 

Construction output in construction of buildings increased by 25.2 %, in specialised construction activities by 13.1 %, and in civil engineering by a more modest 6.3 %.

Construction output rose in all groups of specialised construction activities: in demolition and site preparation by 14.3 %, in electrical, plumbing and other construction installation activities by 14.5 %, in building completion and finishing (plastering, floor and wall covering, painting and glazing, etc.) by 13.9 %, and in other specialised construction activities (roofing activities and other specialised construction activities not elsewhere classified) by 7.7 %.

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Construction output rise in civil engineering division was caused by upturn in construction of utility projects (of 19.8 %) and construction of other civil engineering projects (water projects and civil engineering not elsewhere classified) (of 69.6 %). Construction of roads and railways witnessed a drop of 13.6 %, of which output in construction of roads and motorways reduced by 20 % and in construction of bridges and tunnels by 19.3 %.

Compared to Q4 2022, in Q1 2023 construction output rose by 28.2 % (according to seasonally adjusted data at constant prices). In construction of buildings it rose by 30.9 %, in specialised construction activities by 19.5 %, and in civil engineering by 11.6 %.

Construction work is highly seasonal and the first quarter of the year is invariably the coldest of the year with the most difficult conditions for building work.

In Q1 2023, 719 building permits were granted for construction, capital repairs, reconstruction and restoration of residential buildings (45 permits more than a year before). 

During the period, 258 building permits were granted for construction, capital repairs, reconstruction and restoration of non-residential buildings (164 permits fewer than in Q1 2022).

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