Construction - August 2014

Construction output stagnated

In August 2014 the construction output decreased by 0.9% year-on-year (y-o-y), in real terms. The planning and building control authorities granted by 6.9% less building permits, y-o-y, and the approximate value of permitted constructions increased by 14.8%, y-o-y. The number of started dwellings fell by 8.9%, y-o-y, and the number of completed dwellings increased by 10.6%, y-o-y.

In August 2014 the construction output decreased by 0.9% year-on-year (y-o-y), in real terms. The working day adjusted construction output in August 2014 was by 0.5% higher, y-o-y. August 2014 was by one working day shorter compared to August 2013. The seasonally adjusted construction output in August 2014 was by 1.7% higher, month-on-month (m-o-m). The production in building construction decreased by 6.2% (contribution -4.3 percentage points (p.p.)), y-o-y. The production of civil engineering construction grew by 11.6% (contribution +3.4 p.p.), y-o-y. Compared to the same period of 2008, the year of boom, the construction output dropped by 25.0% in the period from this year beginning to the end of August 2014.

The average registered number of employees ^{* )}, in construction enterprises with 50+ employees fell by 3.4%, y-o-y, in August 2014. Their average gross monthly nominal wage increased by 2.0%, compared year-on-year, and reached CZK 28 567.

In August 2014 the number of building permits granted decreased by 6.9%, y-o-y; the planning and building control authorities granted 7 185 building permits. The approximate value of the permitted constructions attained CZK 22.5 billion and grew by 14.8% compared to the same period of 2013.

The number of dwellings started in August 2014 dropped by 8.9%, y-o-y, and attained 1 831 dwellings. The number of dwellings started in family houses decreased by 3.7% and that of dwellings started in multi-dwelling buildings fell by 10.6%.

The number of completed dwellings increased by 10.6%, y-o-y, in August 2014 and was 2 383 dwellings. The number of completed dwellings in family houses decreased by 11.7%. The number of completed dwellings in multi-dwelling buildings jumped up by 46.2%.

According to Eurostat the WDA (working days adjusted) construction output in the EU28 increased by 0.6%, y-o-y, in July 2014. Buildings increased by 1.0% and civil engineering works fell by 1.9%. According to the preliminary schedule Eurostat shall release the data for August 2014 on 17 October 2014 (at 11:00 a.m.).


Notes:
^*) The registered number of employees indicator does not include persons working under various contracts for work, working owners of enterprises and cooperating household members, who do not have contracts of employment. Data on the registered number of employees in construction also exclude agency workers, who have contracts of employment, yet within activities of services (CZ-NACE 78.2) .
Responsible head at the CZSO: Radek Matějka, phone: (+420) 274052894, e-mail: radek.matejka@czso.cz
Contact person: Petra Cuřínová, phone: (+420) 274054199, e- mail: petra.curinova@czso.cz
Method of data acquisition: the CZSO direct surveys of Stav 1-12 and Stav 2-12
End of data collection: 2 October 2014
Following outcomes: /csu/czso/sta_cr /csu/czso/bvz_cr
Next News Release will be published on: 6 November 2014

Published: 07.10.2014
The data are valid as of the release date of the publication.