MONDAY, FEBRUARY 5, 1990
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CONSTRUCTION OUTPUT STATISTICS FOR THIRD QUARTER RELEASED
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS (INCLUDING WORK CARRIED OUT AT CONSTRUCTION SITES, AT ERECTED BUILDINGS AND STRUCTURES, AND AT OTHER MINOR WORK LOCATIONS) IN THE THIRD QUARTER OF 1989 AMOUNTED TO $12,667 MILLION.
THIS WAS 6.2 PER CENT HIGHER THAN IN THE SECOND QUARTER OF 1989, AND 32.1 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1988, ACCORDING TO THE RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT THE INCREASE OF 32.1 PER CENT IN THE TOTAL VALUE OF CONSTRUCTION WORK IN THE THIRD QUARTER OF 1989 OVER THE SAME QUARTER IN 1988 WAS PARTLY ATTRIBUTABLE TO INCREASE IN CONSTRUCTION COSTS. HOWEVER, AFTER DISCOUNTING THE COST INCREASES, THE REAL GROWTH IN THE VOLUME OF CONSTRUCTION WORK PERFORMED SHOULD STILL BE SIGNIFICANT.
BY
THE INDEX OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED MAIN CONTRACTORS FOR THE THIRD QUARTER OF 1989 WAS 192.2, WITH THE QUARTERLY AVERAGE OF 1982 BEING TAKEN AS 100. THE CORRESPONDING INDEXES FOR THE SECOND QUARTER OF 1989 AND THE THIRD QUARTER OF 1988 WERE 180.9 AND 145.5 RESPECTIVELY.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES IN THE THIRD QUARTER OF 1989 WAS $9,766 MILLION. THIS WAS 6.2 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND 33.7 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1988.
APART FROM WORK PERFORMED AT CONSTRUCTION SITES, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT ERECTED BUILDINGS AND STRUCTURES AND OTHER MINOR WORK LOCATIONS WAS $2,901 MILLION. WHICH WAS 6.6 PER CENT AND 27.2 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND THE THIRD QUARTER OF 1988 RESPECTIVELY.
OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES, $3,672 MILLION WAS RELATED TO CONSTRUCTION PROJECTS OF THE PUBLIC SECTOR (INCLUDING THE GOVERNMENT, MASS TRANSIT RAILWAY CORPORATION AND KOWLOON-CANTON RAILWAY CORPORATION). THIS REPRESENTED INCREASES OF 22.4 PER CENT OVER THE PRECEDING QUARTER AND 47.9 PER CENT OVER THE THIRD QUARTER OF 1988.
THE REMAINING $6,094 MILLION WAS RELATED TO CONSTRUCTION PROJECTS OF THE PRIVATE SECTOR. IT WAS 1.7 PER CENT LOWER THAN IN THE PRECEDING QUARTER BUT 26.4 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1988.
/WHEN ANALYSED