Business

Volume of Construction Work Recovers in June

By 27 August 2020
Volume of Construction Work Recovers in June
Source: Pixabay

ZAGREB, August 27, 2020 - In June 2020, after three months of decline, the volume of construction work in Croatia grew by 8.5% on the year, according to the preliminary data of the Croatian Bureau of Statistics (DZS) released on Thursday.

The increase in the volume of construction work is the result of economic lockdown measures being lifted.

The measures were put in place on March 19 to curb the spread of the COVID-19 epidemic and immediately caused the first decline in the volume of construction work since February 2018. The decline continued in April and May.

After a substantial increase at the start of the year (by 8% in January and by 11.9% in February), there was a decline in the volume of construction work by 0.9% on the year in March, by 4.7% in April and by 2.2% in May.

In June 2020 works on buildings went up by 9% compared to June 2019, while civil engineering works grew by 8%, according to the working-day adjusted data. Civil engineering works include the construction of roads, railways, pipelines, bridges etc.

The volume of construction work rose by 10.5% on the month, with the works on buildings increasing by 12.2% and engineering works by 6.6%.

The volume of construction work saw a mild growth of 0.3% in Q2 compared to the same period last year.

 

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