Press Release 26/02/2024
CONSTRUCTION INDEX. IV/2023
Activity in the Construction sector in the Basque Country grew by 6.2% in 2023
In 2023, both Building and Civil Works posted growth of 5.6% and 9.8% respectively
For 2023 as a whole, activity in the construction sector in the Basque Country posted a nominal increase of 6.2% in relation to 2022, according to Eustat data. In the case of Building, cumulative growth for the year was 5.6% and a significant rate of 9.8% in that of Civil Works.
Focusing on the fourth quarter of 2023, the rate was 4.5% higher than that observed in the same quarter of the previous year. Compared to the previous quarter, activity increased by 1.1% once any seasonal effects had been eliminated and at current prices.
Year-on-year variation rate. Construction index in the Basque Country (%)
Corrected for calendar effects
Q4, 2022 Q1, 2023 Q2, 2023 Q3, 2023 Q4, 2023 |
Q1, 1990 Q1, 1996 Q1, 2002 Q1, 2008 Q1, 2014 Q1, 2020 |
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The year-on-year upturn this quarter is explained by both the positive performance of Building, which was up 4.6% in year-on-year terms, and that of Civil Works, which rose by 4.3% in the fourth quarter in respect of the same quarter of the previous year.
Comparing the activity of the sector in the fourth quarter of 2023 with that of the previous quarter, the Construction index increased by 1.1% once corrected for seasonal effects. Activity in Building rose by 1.0% compared to the previous quarter and that of Civil Works by 1.9%.
In the fourth quarter of 2023, following a 0.2% decrease in relation to the previous quarter, the index of employed people was 0.3% above that observed in the same quarter of 2022.
Construction index of the Basque Country. Variation Rates (%). Current prices (p). 2023/IV
| | Fixed calendar effect | Deseasonalised |
| | t/t-4 | At/At-1 | t/t-1 |
| Production Index | 4,5 | 6,2 | 1,1 | |
| Edification | 4,6 | 5,6 | 1,0 | |
| Civil work | 4,3 | 9,8 | 1,9 | |
| | | | | |
| Index of employed personnel | 0,3 | 0,2 | -0,2 | |
Base 2015
(p)Provisional data
At/At-1 : Year on year variation rate of the accumulated period from the first quarter to the last quarter of year t compared to the same period of the year t-1
Date Februay 26, 2024
Eustat. Construction index
BALANCE FOR 2023
In 2023 as a whole, activity in the sector posted an increase of 6.2% in relation to 2022. In the case of Building, cumulative growth for the year stood at 5.6% and this was 9.8% in the case of Civil Works.
Finally, the cumulative index of people employed during 2023 was 0.2% higher than in the previous year.
Note:
Eustat would like to thank all the establishments that have collaborated with gathering information. As a result, the index for this quarter was calculated with 91.46% coverage of the sample.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián,1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.eus Tel.: 945 01 75 62