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Housing and construction

Value of renovation building fell by 5.2 per cent in the second quarter of 2023

release | Trend indicator of renovation building 2023, 2nd quarter

According to Statistics Finland, the value of renovation building made by building construction enterprises fell by 5.2 per cent in the second quarter of 2023 compared to one year ago. In the first quarter of the year, the value of renovation building still rose by 3.1 per cent.

Key selections

  • The value of renovation building turned to a decline in the second quarter. The value of newbuilding fell by 8.9 per cent.
  • The development has been weakening in both renovation and newbuilding for over one year.
  • Trend data on renovation building have previously been published as experimental statistics.

Figures

See key statistical data in the figures.

Trend development of renovation and new building by quartal, 2021=100 2021Q1-2023Q2

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Updated database tables
Classifications used:
  • Target of construction
Period:
quarter
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Statistical experts

Inquiries primarily
Eetu Toivanen
Senior Statistician
029 551 3331
Head of Department in charge