FRIDAY, AUGUST 4, 1989
7
THE INDEX OF GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS FOR THE FIRST QUARTER OF 1989 WAS 180.1, WITH THE QUARTERLY AVERAGE OF 1982 BEING TAKEN AS 100. THE CORRESPONDING INDEXES FOR THE FOURTH QUARTER OF 1988 AND THE FIRST QUARTER OF WERE 179.8 AND 144.8 RESPECTIVELY.
1988
WITH REGARD TO THE INCREASE OF 24.4 PER CENT IN THE VALUE OF CONSTRUCTION WORK PERFORMED IN THE FIRST QUARTER OF 1989 OVER THE SAME QUARTER IN 1988, A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT THIS WAS MOSTLY ATTRIBUTABLE TO THE INCREASE IN CONSTRUCTION COSTS.
AFTER DISCOUNTING THE COST INCREASES, THE REAL GROWTH IN THE VOLUME OF CONSTRUCTION WORK PERFORMED WAS SUBSTANTIALLY LESS. RLAUERS SHOULD BEAR THIS POINT IN MIND WHEN INTERPRETING THE SURVEY RESULTS.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED DY MAIN CONTRACTORS AT CONSTRUCTION SITES IN THE FIRST QUARTER OF 1989 WAS $9,008 MILLION. THIS WAS 0.6 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND 22.0 PER CENT HIGHER THAN IN THE FIRST QUARTER OF 1988.
SITES, THE GROSS AT ERECTED
APART FROM WORK PERFORMED AT CONSTRUCTION VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS BUILDINGS
STRUCTURES AND OTHER MINOR WORK LOCATIONS MILLION, WHICH WAS 1.1 PER CENT LOWER THAN IN THE PRECEDING BUT 32.6 PER CENT HIGHER THAN IN THE FIRST QUARTER OF 1988.
MASS
WAS
$2,860 QUARTER
OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES, $2,988 MILLION WAS RELATED TO CONSTRUCTION PROJECTS OF THE PUBLIC SECTOR (INCLUDING THE GOVERNMENT, TRANSIT RAILWAY CORPORATION AND HOWLOON-CANTON RAILWAY CORPORATION). THIS REPRESENTED INCREASES OF 3.7 PER CENT AND 25.1 PER CENT OVER THE PRECEDING QUARTER AND THE FIRST QUARTER OF 1988 RESPECTIVELY.
AS
FOR CONSTRUCTION PROJECTS OF THE PRIVATE SECTOR, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES WAS $6,020 MILLION, WHICH WAS 0.9 PER CENT LOWER THAN IN THE PRECEDING QUARTER BUT 20.5 PER CENT HIGHER THAN IN THE FIRST QUARTER OF 1988.
VALUE
WHEN ANALYSED BY END-USE OF BUILDINGS AND STRUCTURES, THE GROSS OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES IN RESPECT OF RESIDENTIAL BUILDINGS (WHICH INCLUDE COMBINED RESIDENTIAL AND NON-RESIDENTIAL BUILDINGS) AND INDUSTRIAL AND STORAGE BUILDINGS IN THE FIRST QUARTER OF 1989 WAS $3.728 MILLION AND #766 MILLION RESPECTIVELY.
PER
THESE FIGURES REPRESENTED DECREASES OF 10.6 PER CENT AND 2.3 CENT RESPECTIVELY WHEN COMPARED WITH THE PRECEDING QUARTER, BUT INCREASES OF 14.9 PER CENT AND 16.8 PER CENT RESPECTIVELY OVER THE FIRST QUARTER OF 1988.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED CONTRACTORS AT CONSTRUCTION SITES IN RESPECT OF COMMERCIAL IN THE FIRST QUARTER OF 1989 WAS $1,568 MILLION, WHICH WAS CENT AND 16.8 PER CENT HIGHER THAN IN THE PRECEDING QUARTER FIRST QUARTER OF 1988 RESPECTIVELY.
BY MAIN BUILDINGS 12.6 PER AND THE
/THE GROSS