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TUESDAY, OCTOBER 19, 1993
CONSTRUCTION OUTPUT STATISTICS FOR 2ND QUARTER
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS, INCLUDING GENERAL AND SPECIAL TRADE CONTRACTORS, AMOUNTED TO $18.1 BILLION IN THE SECOND QUARTER OF 1993, WHICH WAS 11.1% HIGHER THAN THE FIGURE A YEAR AGO.
THIS IS
ACCORDING TO THE RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT,
THE INCREASE WAS LARGELY DUE TO MORE ACTIVE CONSTRUCTION WORK AT PUBLIC SECTOR SITES AND A SIGNIFICANT GROWTH OF WORK PERFORMED BY SPECIAL TRADE CONTRACTORS AT LOCATIONS OTHER THAN CONSTRUCTION SITES.
COMPARED WITH THE FIRST QUARTER OF 1993, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS IN THE SECOND QUARTER INCREASED BY 6.3%.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT PRIVATE SECTOR SITES TOTALLED $6.9 BILLION BEING 8.9% AND 6.5% LOWER THAN IN THE SECOND QUARTER OF 1992 AND THE FIRST QUARTER OF 1993 RESPECTIVELY. THE DECREASES INDICATED THAT PRIVATE SECTOR CONSTRUCTION ACTIVITIES REMAINED SLACK.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT PUBLIC SECTOR SITES WAS $6 BILLION, REPRESENTING INCREASES OF 48.6% AND 24.6% OVER THE SECOND QUARTER OF 1992 AND THE FIRST QUARTER OF 1993 RESPECTIVELY.
THE INCREASES WERE MAINLY DUE TO A FURTHER PICK UP OF ACTIVITIES ON A NUMBER OF MAJOR INFRASTRUCTURAL PROJECTS.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY GENERAL CONTRACTORS AT LOCATIONS OTHER THAN CONSTRUCTION SITES WAS $3.4 BILLION, WHICH WAS 1.3% AND 2.4% HIGHER THAN IN THE SECOND QUARTER OF 1992 AND THE FIRST QUARTER OF 1993 RESPECTIVELY. THIS INCLUDED MINOR NEW CONSTRUCTION AND RENOVATION WORKS AT ERECTED BUILDINGS AND
STRUCTURES.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY SPECIAL TRADE CONTRACTORS AT LOCATIONS OTHER THAN CONSTRUCTION SITES, COMPRISING MAINLY ELECTRICAL AND MECHANICAL FITTING WORK, TOTALLED $1.8 BILLION, REPRESENTING 35.4% AND 19.9% HIGHER THAN IN THE SECOND QUARTER OF 1992 AND THE FIRST QUARTER OF 1993 RESPECTIVELY.
ANALYSED BY END-USE, RESIDENTIAL BUILDING PROJECTS (INCLUDING COMBINED RESIDENTIAL / NON-RESIDENTIAL BUILDINGS) CONTINUED TO ACCOUNT FOR THE GREATEST PORTION OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT CONSTRUCTION SITES.
THE GROSS VALUR OF
CONSTRUCTION WORK PERFORMED IN THESE PROJECTS WAS $4.7 BILLION, WHICH INCREASED SLIGHTLY BY 0.1% WHEN COMPARED WITH THE SECOND QUARTER OF 1992 BUT DROPPED BY 3.9% WHEN COMPARED WITH THE FIRST QUARTER OF 1993.
TRANSPORT PROJECTS CONTINUED TO FORM THE SECOND LARGEST CATEGORY OF CONSTRUCTION SITE WORK. THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED FOR SUCH PROJECTS WAS $3.4 BILLION.
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