Q2 2022 Permit-Completion in EECFA area

Latest update: 3 October 2022 (with Romania completion Q2 2022, Croatia completion 2021, Ukraine Q2 permit)

The first quarterly P/C data since the beginning of the Russian invasion of Ukraine are in. No countries in the SEE region experienced a collapse in terms of issued permits for buildings. Far from it. Bulgaria and Croatia reached new peaks thanks to the residential segment. Romania, Serbia and Slovenia remained near their peak level.

In the eastern region of EECFA, Turkey’s permit figures are in red this year. Ukraine stat office managed to publish permit and completion figures for Q2 2022. Needless to say, both are all time low. (You may go to Country-by-country sheet and and choose quarterly from the observed period dropdown. By default you will see the latest 4 quarters together data)

The Permit-Completion visualization contains data on 8 EECFA (Bulgaria, Croatia, Romania, Russia, Serbia, Slovenia, Turkey, Ukraine) + 1 Euroconstruct country (Hungary).

See the full viz: EECFA Permit-Completion Quarterly – 3 October 2022

Open the full visualization with the link above and come back to continue reading for hints:

Continue reading Q2 2022 Permit-Completion in EECFA area

More cautious Hungarian construction industry

Press Release on EBI Construction Activity Report Hungary Q2 2022

Hungary’s high construction Activity Start in Q1 2022 was followed by a slowdown in Q2. The Q2 2022 EBI Construction Activity Report has found that between this April and June construction works started at a value of around HUF 800 billion. Although the value of projects entering construction decreased in Q2, these are not low numbers at all as Activity Start has been the 5th highest (on a quarterly basis) of recent years. It should be added, though, that recently construction costs have dramatically increased, massively pushing up the Activity Start indicator calculated at current prices, while at constant prices the volume would be lower.

Continue reading More cautious Hungarian construction industry