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MONDAY, AUGUST 3, 1992
CONSTRUCTION OUTPUT STATISTICS FOR 1ST QUARTER OF 1992
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS, INCLUDING GENERAL AND SPECIAL TRADE CONTRACTORS, AMOUNTED TO $16.1 BILLION IN THE FIRST QUARTER OF 1992, ACCORDING TO THE RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY
(MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT,
COMPARED WITH THE PRECEDING QUARTER, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS IN THE FIRST QUARTER OF 1992 DROPPED BY 4.5%.
THE DECREASE WAS HOWEVER PARTLY ATTRIBUTABLE TO FEWER WORKING DAYS IN THE QUARTER DUE TO THE CHINESE NEW YEAR HOLIDAYS. COMPARED WITH A YEAR EARLIER, IT WAS 3.2% HIGHER.
THE LARGEST PART OF THE QUARTER TO QUARTER DECREASE RELATED WORKS ON PRIVATE CONSTRUCTION SITES.
TO
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED ON PRIVATE SITES, AT $8.0 BILLION IN THE FIRST QUARTER OF 1992, WAS 10.2% LOWER- THAN THAT IN THE PRECEDING QUARTER.
THIS WAS DUE TO THE WINDING DOWN OF A FEW LARGE PRIVATE CONSTRUCTION RESIDENTIAL DEVELOPMENT PROJECTS. COMPARED WITH A YEAR AGO, IT WAS 5.1% HIGHER.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY SPECIAL TRADE CONTRACTORS DECREASED BY 5% FROM THE PRECEDING QUARTER TO $1.1 BILLION BUT WAS 18.4% HIGHER THAN IN THE SAME QUARTER LAST YEAR.
ON THE OTHER HAND, WORK PERFORMED ON PUBLIC SITES RECORDED INCREASES OF 3.6% AND 5.4% OVER THE PRECEDING QUARTER AND THE SAME QUARTER LAST YEAR RESPECTIVELY.
THE INCREASE WAS MAINLY DUE TO THE ACTIVE CONSTRUCTION WORK IN
A FEW AIRPORT RELATED CONSTRUCTION PROJECTS.
NON-SITE CONSTRUCTION WORK PERFORMED BY GENERAL CONTRACTORS ALSO INCREASED BY 2.4% OVER THE PRECEDING QUARTER TO $2.9 BILLION IN THE FIRST QUARTER OF 1992 BUT DECREASED BY 8.6% WHEN COMPARED WITH THE SAME QUARTER A YEAR AGO.
ANALYSED BY END USE, RESIDENTIAL BUILDING PROJECTS, INCLUDING THOSE RELATING TO COMBINED RESIDENTIAL/NON-RESIDENTIAL BUILDINGS, CONTINUED TO ACCOUNT FOR THE GREATEST PORTION OF THE CONSTRUCTION WORK PERFORMED.
THE
TOTAL
THE GROSS VALUE OF WORK PERFORMED AMOUNTED TO $4.9 BILLION IN FIRST QUARTER OF 1992. THIS REPRESENTED A DROP OF 3.7% FROM THE PRECEDING QUARTER, BUT A RISE OF 5.4% FROM THE LEVEL A YEAR AGO,
/SIMILARLY, THE