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Construction output appears to have picked up towards the end of the year: according to the Central Statistical Office (CSO), the performance of the sector last November was five percent higher than in November 2019. Compared to the previous month, October 2020, the improvement is more than 12 percent. It is important that
Since June, when the first wave of the epidemic subsided, the sector has been performing better every month.
At the same time, the construction industry was unable to cope with the downturn caused by the coronavirus epidemic. According to the data of the CSO, in the period of January – November the production decreased by about one tenth (exactly 9.9 percent) compared to the same period of 2019.
It is encouraging that the rate of business contracts at the end of November was almost three per cent higher than a year earlier. The rate of new contracts increased by 55%,
especially for contracts for the construction of buildings (an increase of 87 percent), mainly due to the new home-building program.
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