Construction rising in second quarter

Latest figures show an increase in activity in the construction sector.

The latest data compiled by the Central Statistical Bureau (CSB) and released August 11 show that, compared to the corresponding period of 2016, in the 2nd quarter of 2017 construction output increased by 15.9 % (according to calendar adjusted data at constant prices). 

Construction production output at current prices amounted to 384.4 million euros.

Construction output growth was influenced by the rise in construction of non-residential buildings (of 17 %) and construction of civil engineering works (of 28.1 %), whereas construction of residential buildings fell by 14.6 %.

Compared to the corresponding quarter of the previous year, significant construction output increase within the group of construction of non-residential buildings was recorded in construction of industrial production buildings and warehouses, the construction output whereof went up 2 times, as well as construction of school, university and research buildings(rise of 65.7 %).

A marked decline was observed in construction of hotels and similar buildings (of 55.1 %) and construction of hospital or institutional care buildings (of 24.5 %).

The rise in construction of civil engineering works was affected by the increase in construction of harbors, waterways, dams and other waterworks (of 68.6 %), construction of highways, streets, roads, airfield runways, railways (of 28 %), and construction of long-distance pipelines, communication and electricity lines (of 17.9 %).

In the 2nd quarter of 2017, 597 building permits were granted, of which 454 permits were issued for construction of new buildings (91 permits more than in the 2nd quarter of 2016).

But 28 building permits (23 permits less than in the corresponding quarter of the previous year) were granted for construction of industrial buildings and warehouses.

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