Production in the construction sector and construction costs

The production in construction index provides monthly statistics on output in the sector, referring not only to all new work, but also to repair and maintenance data. The production in construction index is calculated on the base 2015=100.

The construction costs index measures changes in the costs of inputs to the construction process by monitoring separately the cost of each factor. This is a chain-linked index which uses December 2017 as a base for calculations and 2015 as a reference year.

Construction output rose by 1.9% in the three-months to January 2018 while contracting by 0.1% month-on-month in January 2018.

Comparing with January 2017, construction output increased by 7.6% after adjustment for calendar effect differences.

In January 2018, cost indices in construction for residential building and road engineering work with tunnel section increased respectively by 0.5% and by 0.1% m-o-m, while road engineering work without tunnel section was down 0.2% m-o-m. Comparing with the same period a year earlier, all construction costs indices continued to grow in January 2018 (residential building +0.9%, road engineering with tunnel +1.4% and road engineering without tunnel +1.5%).