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Construction output in Latvia fell by 12.4% in first quarter

The latest data published May 10 by the Central Statistical Bureau of Latvia (CSB) show that, in the first quarter of 2021, compared to the 1st quarter of 2020, construction output decreased by 12.4 % (according to calendar adjusted data at constant prices). 

The construction output decreased in construction of buildings - by 16.6%, in civil engineering - by 11.6% and in specialized construction activities - by 6%. The decline in construction output was due to relatively unfavorable weather conditions for construction, Covid-19 and the state of emergency declared in the country, as well as the decline in demand for construction services.

Compared to the fourth quarter of 2020, in the first quarter of 2021, construction output fell by 3.7% (according to seasonally adjusted data at constant prices), of which in construction of buildings - by 2.9%, in civil engineering - by 9.9% and in specialized construction activities - by 1.9%.

Construction output changes

(as per cent, at constant prices)

 

1st quarter of 2021, compared to

4th quarter  of  2020 (seasonally adjusted)

1st quarter of 2020 (seasonally adjusted)

Total

-3.7

-12.4

Construction of buildings

-2.9

-16.6

Civil engineering

-9.9

-11.6

Construction of roads and railways (incl. bridges)

-13.3

17.2

Construction of utility projects

-0.8

-24.4

Construction of other civil engineering projects n.e.c. (water projects and other civil engineering n.e.c.)

0.6

-44.5

Specialized construction activities

-1.9

-6.0

Demolition and site preparation

-19.7

-23.3

Electrical, plumbing and other construction installation activities

5.1

-0.4

Building completion and finishing (plastering, floor and wall covering, painting and glazing, etc.)

-2.1

-16.6

Other specialized construction activities n.e.c.

-4.8

2.0

Building permits granted

In the first quarter of 2021, 684 building permits were issued for building permits for construction, capital repairs, reconstruction and restoration of residential buildings with the total floor space of 175 thousand square meters or by 65 building permits less and by 47 thousand smaller space than in the first quarter of 2020, including 563 building permits issued for new construction with the intended floor space of 130 thousand square meters (by 31 building permits more and by 27 thousand square meters less intended floor space than a year earlier). 456 building permits have been issued for the start for construction of new one-dwelling buildings (intended floor space - 91 thousand square meters).

 

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