FRIDAY, MAY 5, 1989
CONSTRUCTION OUTPUT STATISTICS FOR 4TH QUARTER OF 1988
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THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS IN THE FOURTH QUARTER OF 1988 AMOUNTED TO $11,848 MILLION, WHICH WAS 23.6 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1988, AND 24.6 PER CENT HIGHER THAN IN THE FOURTH QUARTER OF 1987, ACCORDING ΤΟ THE RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE WORKS INCLUDED THOSE CARRIED OUT AT CONSTRUCTION SITES, AT ERECTED BUILDINGS AND STRUCTURES, AND AT OTHER MINOR WORK LOCATIONS.
THE INDEX OF GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS FOR THE FOURTH QUARTER OF 1988 WAS 179.8, WITH THE QUARTERLY AVERAGE OF 1982 BEING TAKEN AS 100. THE CORRESPONDING INDEXES FOR THE THIRD QUARTER OF 1988 AND THE FOURTH QUARTER OF 1987 WERE 145.5 AND 144.3 RESPECTIVELY,
WITH REGARD TO THE INCREASE OF 24.6 PER CENT IN THE VALUE OF CONSTRUCTION WORK PERFORMED IN THE FOURTH QUARTER OF 1988 OVER THE SAME QUARTER IN 1987, A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT THIS WAS MOSTLY IN THE FORM OF INCREASE IN CONSTRUCTION COSTS.
AFTER DISCOUNTING THE COST INCREASES, THE REAL GROWTH IN THE VOLUME OF CONSTRUCTION WORK PERFORMED WAS SUBSTANTIALLY LESS. READERS SHOULD BEAR THIS POINT IN MIND WHEN INTERPRETING THE SURVEY RESULTS.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED CONTRACTORS AT CONSTRUCTION SITES IN THE FOURTH QUARTER OF $8,955 MILLION, THIS WAS 22.6 PER CENT HIGHER THAN IN THE QUARTER AND 22.7 PER CENT HIGHER THAN IN THE FOURTH QUARTER
SITES,
BY MAIN 1988 WAS PRECEDING OF 1987.
THE GROSS AT ERECTED
APART FROM WORK PERFORMED AT CONSTRUCTION VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS BUILDINGS AND STRUCTURES AND OTHER MINOR WORK LOCATIONS WAS $2,893 MILLION, WHICH WAS 26.8 PER CENT AND 30.7 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND THE FOURTH QUARTER OF 1987 RESPECTIVELY.
OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES, $2,881 MILLION WAS RELATED то CONSTRUCTION PROJECTS OF THE PUBLIC SECTOR (INCLUDING THE GOVERNMENT, MASS TRANSIT RAILWAY CORPORATION AND KOWLOON-CANTON RAILWAY
CORPORATION).
THIS REPRESENTED
INCREASES OF 16.0 PER CENT AND 22.4 PER CENT OVER THE PRECEDING QUARTER AND THE FOURTH QUARTER OF 1987 RESPECTIVELY.
FOR CONSTRUCTION PROJECTS OF THE PRIVATE SECTOR, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES WAS $6,073 MILLION, WHICH WAS 25.9 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND 22.8 PER CENT HIGHER THAN IN THE FOURTH QUARTER OF 1987.
WHEN ANALYSED