Press Release 15/05/2015
The turnover of the construction sector in the Basque Country fell by 18.2% in 2013
Personnel employed decreased by 8.8%
In 2013, the construction sector in the Basque Country registered a drop in net turnover of 18.2% and the decline that began in 2009 has continued, according to EUSTAT data. The number of people employed also showed a downward trend, though it was more moderate(-8.8%); specifically, the number of people employed fell by 6,053 net jobs.
The downward trend was also reflected in practically all variables, with falls of varying degrees. Staff costs fell by 10.1%, whereas supplies and expenditure on external services did so by 9.2% and 13.4%, respectively. However, in 2013 the profits of companies in the sector improved, with pre-tax profits becoming positive and with a significant upturn in the profit and loss accounts of the financial year, though they remained negative. Another noteworthy aspect is the recovery of investment, which increased by 255.9%, reaching 324 million euros.
The overall trends are repeated on a provincial level, with general decreases in both turnover and employment. Álava is the Province that saw the greatest decrease in turnover (-22.7%). Drops in Gipuzkoa and Bizkaia rose to 18.4% and 16.8%, respectively. Regarding the number of people in employment, the greatest decrease occurred in Bizkaia (-9.3%), similar to that registered in Álava (-9%), and in Gipuzkoa it fell by 7.7%.
Concerning sales distribution according to the end-use of the built property, 59% of the turnover in the construction sector came from the building subsector in 2013, and the remainder was divided between civil works, 22%, and development, 17%.
36% of the construction sector was dedicated to residential works; either constructing new residential buildings, 21%, or renovating residential buildings, 15%. For its part, new civil works amounted to 16% of the sector.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.es Tel: 945 01 75 62
Further press releases on construction statistics of the Basque Country
Databank on construction statistics of the Basque Country