XN000022-1988-02-02 — Page 2

TUESDAY, FEBRUARY 2, 1988

THIRD QUARTER CONSTRUCTION OUTPUT STATISTICS RELEASED

MILLION, AND 23.4 ACCORDING то THE TODAY

WORK PERFORMED BY ALL THE TOTAL GROSS VALUE OF CONSTRUCTION CONTRACTORS IN THE THIRD QUARTER OF 1987 AMOUNTED TO $12,566 WHICH WAS 5.2 PER CENT HIGHER THAN IN THE PRECEDING QUARTER PER CENT HIGHER THAN IN THE SAME QUARTER OF 1986, RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

IN VIEW OF OF CONSTRUCTION GREW MUCH

A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT, THE RAPID INCREASE IN CONSTRUCTION COSTS, THE VOLUME WORK PERFORMED, AFTER DISCOUNTING COST INFLATION, ACTUALLY

REPORTED HERE. THIS MORE SLOWLY THAN THE NOMINAL CONSTRUCTION VALUE POINT SHOULD BE BORNE IN MIND IN INTERPRETING THE SURVEY RESULTS.

CONSTRUCTION WORK

CONSTRUCTION

(INCLUDING AND BUILDINGS THIRD QUARTER CENT

PERFORMED BY MAIN CONTRACTORS

AT ERECTED SITES, WORK CARRIED OUT AT STRUCTURES, AND AT OTHER MINOR WORK LOCATIONS) IN THE OF 1987 WAS $8,261 MILLION, WHICH WAS 11.6 PER CENT AND 29.0 PER

AND THE SAME QUARTER OF 1986 HIGHER THAN IN THE PREVIOUS QUARTER RESPECTIVELY.

+

THIS GAVE A VALUE INDEX OF

THE 125.4

QUARTERLY AVERAGE

OF

1982 WAS TAKEN AS 100 FOR THIS INDEX.

CONSTRUCTION

THE THE INDUSTRY,

EFFECT OF

WIDESPREAD THEY ARE,

WORK

PERFORMED

THE FIGURES FOR MAIN CONTRACTORS ARE FREE FROM

ΤΟ DUE DOUBLE-COUNTING OF CONSTRUCTION VALUE SUB-CONTRACTING PRACTICE IN THE THEREFORE, DIFFERENT FROM THE FIGURES ON CONSTRUCTION BY ALL CONTRACTORS.

OF CONSTRUCTION

WORK PERFORMED BY MAIN THE GROSS VALUE

IN THE SITES

THIRD

OF 1987 QUARTER CONTRACTORS AT CONSTRUCTION

THE AMOUNTED TO $6,254 MILLION. THIS WAS 12.1 PER CENT HIGHER THAN IN

THE SAME QUARTER PRECEDING QUARTER AND 22.8 PER CENT HIGHER THAN IN OF 1986.

OF THIS GROSS VALUE, $2,087 MILLION WAS CONSTRUCTION OUTPUT

3 PUBLIC PROJECTS, REPRESENTING INCREASES OF 17.8 PER CENT AND 26. CENT COMPARED WITH THE PRECEDING QUARTER AND THE SAME QUARTER OF RESPECTIVELY.

OF

PER

1986

OUTPUT AT SITES WAS IN THE PRECEDING

IN THE PRIVATE SECTOR, THE CONSTRUCTION $4,167 MILLION, WHICH WAS 9.5 PER CENT HIGHER THAN QUARTER AND 21.2 PER CENT HIGHER THAN IN THE SAME QUARTER OF 1986.

THE

INCLUDE (WHICH BUILDINGS OUTPUT VALUE OF RESIDENTIAL

AND NON-RESIDENTIAL BUILDINGS) IN THE THIRD COMBINED RESIDENTIAL

7.7 QUARTER OF 1987 WAS $2,886 MILLION. THIS REPRESENTED INCREASES OF

QUARTER AND THE SAME PER CENT AND 12.5 PER CENT OVER THE PRECEDING QUARTER OF 1986 RESPECTIVELY.

/THE OUTPUT