TUESDAY, FEBRUARY 2, 1988
THIRD QUARTER CONSTRUCTION OUTPUT STATISTICS RELEASED
MILLION, AND 23.4 ACCORDING то THE TODAY
WORK PERFORMED BY ALL THE TOTAL GROSS VALUE OF CONSTRUCTION CONTRACTORS IN THE THIRD QUARTER OF 1987 AMOUNTED TO $12,566 WHICH WAS 5.2 PER CENT HIGHER THAN IN THE PRECEDING QUARTER PER CENT HIGHER THAN IN THE SAME QUARTER OF 1986, RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
IN VIEW OF OF CONSTRUCTION GREW MUCH
A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT, THE RAPID INCREASE IN CONSTRUCTION COSTS, THE VOLUME WORK PERFORMED, AFTER DISCOUNTING COST INFLATION, ACTUALLY
REPORTED HERE. THIS MORE SLOWLY THAN THE NOMINAL CONSTRUCTION VALUE POINT SHOULD BE BORNE IN MIND IN INTERPRETING THE SURVEY RESULTS.
CONSTRUCTION WORK
CONSTRUCTION
(INCLUDING AND BUILDINGS THIRD QUARTER CENT
PERFORMED BY MAIN CONTRACTORS
AT ERECTED SITES, WORK CARRIED OUT AT STRUCTURES, AND AT OTHER MINOR WORK LOCATIONS) IN THE OF 1987 WAS $8,261 MILLION, WHICH WAS 11.6 PER CENT AND 29.0 PER
AND THE SAME QUARTER OF 1986 HIGHER THAN IN THE PREVIOUS QUARTER RESPECTIVELY.
+
THIS GAVE A VALUE INDEX OF
THE 125.4
QUARTERLY AVERAGE
OF
1982 WAS TAKEN AS 100 FOR THIS INDEX.
CONSTRUCTION
THE THE INDUSTRY,
EFFECT OF
WIDESPREAD THEY ARE,
WORK
PERFORMED
THE FIGURES FOR MAIN CONTRACTORS ARE FREE FROM
ΤΟ DUE DOUBLE-COUNTING OF CONSTRUCTION VALUE SUB-CONTRACTING PRACTICE IN THE THEREFORE, DIFFERENT FROM THE FIGURES ON CONSTRUCTION BY ALL CONTRACTORS.
OF CONSTRUCTION
WORK PERFORMED BY MAIN THE GROSS VALUE
IN THE SITES
THIRD
OF 1987 QUARTER CONTRACTORS AT CONSTRUCTION
THE AMOUNTED TO $6,254 MILLION. THIS WAS 12.1 PER CENT HIGHER THAN IN
THE SAME QUARTER PRECEDING QUARTER AND 22.8 PER CENT HIGHER THAN IN OF 1986.
OF THIS GROSS VALUE, $2,087 MILLION WAS CONSTRUCTION OUTPUT
3 PUBLIC PROJECTS, REPRESENTING INCREASES OF 17.8 PER CENT AND 26. CENT COMPARED WITH THE PRECEDING QUARTER AND THE SAME QUARTER OF RESPECTIVELY.
OF
PER
1986
OUTPUT AT SITES WAS IN THE PRECEDING
IN THE PRIVATE SECTOR, THE CONSTRUCTION $4,167 MILLION, WHICH WAS 9.5 PER CENT HIGHER THAN QUARTER AND 21.2 PER CENT HIGHER THAN IN THE SAME QUARTER OF 1986.
THE
INCLUDE (WHICH BUILDINGS OUTPUT VALUE OF RESIDENTIAL
AND NON-RESIDENTIAL BUILDINGS) IN THE THIRD COMBINED RESIDENTIAL
7.7 QUARTER OF 1987 WAS $2,886 MILLION. THIS REPRESENTED INCREASES OF
QUARTER AND THE SAME PER CENT AND 12.5 PER CENT OVER THE PRECEDING QUARTER OF 1986 RESPECTIVELY.
/THE OUTPUT