Production in construction up 9.2% y-o-y in Q4 2023

09:01 - 08 April 2024

Economy

The Index of Production in Construction during the fourth quarter of 2023 reached 227.99 units (base year 2015=100), recording an increase of 9.2% over the fourth quarter of 2022, according to Cystat.

By type of project, an increase of 8.4% was observed for buildings and of 14.6% for civil engineering projects in the fourth quarter of 2023 compared to the corresponding quarter of 2022.

For the period January-December 2023, the overall index registered an increase of 7.6% over the corresponding period of 2022.

An increase of 8.3% was recorded in the index for buildings and of 3.1% in the index for civil engineering projects.

At the same period, the Output Prices Index in Construction reached 138.29 units (base year 2015=100), recording a marginal increase of 0.8% over the third quarter of 2023.

Compared to the fourth quarter of the previous year, the index increased by 2.7%.

By type of project, an increase of 1.4% was observed for buildings and of 6.9% for civil engineering projects in the fourth quarter of 2023 compared to the corresponding quarter of 2022.

For the period January-December 2023, the overall index registered an increase of 4.8% over the corresponding period of 2022.

An increase of 1.6% was recorded in the index for buildings and of 16.6% in the index for civil engineering projects.

Production in construction up 9.2% y-o-y in Q4 2023

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