WEDNESDAY, MAY 15, 1985
39
FOURTH QUARTER CONSTRUCTION OUTPUT FIGURES RELEASED
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THE TOTAL VALUE OF CONSTRUCTION WORK CARRIED OUT BY ALL CONTRACTORS IN THE FOURTH QUARTER OF 1984 WAS 4.1 PER CENT HIGHER AT $9 129 MILLION THAN THE PRECEDING QUARTER BUT 0.4 PER CENT LOWER THAN THE SAME QUARTER IN 1983.
ACCORDING TO THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT, THIS BROUGHT THE TOTAL VALUE OF CONSTRUCTION WORK BY ALL CONSTRACTORS IN 1984 TO $34 848 MILLION, MARGINALLY HIGHER THAN IN 1983.
CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS IN THE FOURTH QUARTER OF 1984 WAS $5 942 MILLION, REPRESENTING AN INDEX OF 90.2, OR 0.8 PER CENT LOWER THAN THE PREVIOUS QUARTER. THIS WAS ALSO FIVE PER CENT LOWER THAN THE FOURTH QUARTER OF 1983. THE QUARTERLY AVERAGE FOR 1982 WAS TAKEN AS 100.
THE DECLINE IN CONSTRUCTION WORK BY MAIN CONTRACTORS WAS MAINLY DUE TO THE DECLINE IN VALUE OF WORK CARRIED OUT AT SOME MASS TRANSIT RAILWAY CONSTRUCTION SITES.
CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS DURING 1984 WAS VALUED AT $23 792 MILLION, 1.3 PER CENT LOWER THAN IN 1983.
COMPARED WITH THE FIGURE ON CONSTRUCTION WORK BY ALL CONTRACTORS, THE FIGURES FOR MAIN CONTRACTORS ARE FREE FROM THE EFFECT OF DOUBLE-COUNTING VALUE DUE TO THE PRACTICE OF SUB-CONTRACTING PREVALENT IN THE CONSTRUCTION INDUSTRY.
THE GROSS VALUE OF CONSTRUCTION WORK BY MAIN CONTRACTORS AT CONSTRUCTION SITES IN THE FOURTH QUARTER OF 1984 AMOUNTED TO $4 724 MILLION, 0.7 PER CENT LOWER THAN THAT RECORDED IN THE PREVIOUS QUARTER AND 10.2 PER CENT LOWER THAN FOR THE SAME QUARTER IN 1983.
THE GROSS VALUE OF CONSTRUCTION WORK BY MAIN CONTRACTORS AT OTHER MINOR WORK SITES AND ERECTED BUILDINGS AND STRUCTURES DECLINED SLIGHTLY, BY 1.3 PER CENT FROM THE PREVIOUS QUARTER, REVERSING THE CONTINUOUS UPWARD TREND IN THE PAST FEW QUARTERS. HOWEVER, AT $1 218 MILLION, IT STILL REPRESENTED AN INCREASE OF 22.7 PER CENT OVER THE SAME QUARTER OF 1983.
THE CONSTRUCTION OF RESIDENTIAL BUILDINGS ROSE FURTHER IN THE FOURTH QUARTER OF 1984 TO $1 672 MILLION. IT WAS THE HIGHEST QUARTERLY FIGURE RECORDED BY THE SURVEY TO-DATE.
COMPARED TO 1983 FIGURES, CONSTRUCTION OF RESIDENTIAL BUILDINGS ROSE BY 17.7 PER CENT.
/THE OUTPUT