The volume of construction works reported in April, the first full month under the state of emergency due to the COVID-19 epidemic, increased by 12.1% compared to the same month last year.
The annual growth was significantly lower than the 34.2% average advance in the first quarter of the year (Q1), but the performance is outstanding, given the constraints.
The volume of works on residential projects increased by 18.2% year-on-year in April compared to 22.4% in Q1, according to the statistics office INS.
The works on non-residential projects (logistics, industrial, offices, and retail) were 9% lower than last year, but 3.2% (seasonally and workday adjusted) higher than in March. The volume of works on state-funded civil engineering works was 29% higher than last year.
The sector of constructions contributed 0.8pp to the 2.4% GDP year-on-year growth in the first quarter thanks to the 23% higher added value generated in the first three months of the year compared to the same period last year. The sector will also predictably make a positive contribution in Q2.
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