XN000022-1988-05-03 — Page 5

TUESDAY, MAY 3, 1988

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 FOURTH QUARTER OF 1987 HAD A GROSS VALUE OF $9,511 MILLION, WHICH WAS 15.1 PER CENT AND 29.5 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND THE SAME QUARTER OF 1986 RESPECTIVELY.

THIS GAVE A VALUE INDEX OF 144.3. THE QUARTERLY 1982 WAS TAKEN AS 100 FOR THIS INDEX.

THE FIGURES FOR MAIN CONTRACTORS ARE FREE FROM THE DOUBLE-COUNTING OF CONSTRUCTION VALUE DUE TO THE SUB-CONTRACTING PRACTICE IN THE CONSTRUCTION INDUSTRY. THEREFORE, DIFFERENT FROM THE FIGURES IN CONSTRUCTION BY ALL CONTRACTORS.

WORK

AVERAGE OF

EFFECT OF WIDESPREAD

THEY ARE,

PERFORMED

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS AT CONSTRUCTION SITES IN THE FOURTH QUARTER OF 1987 AMOUNTED TO $7,297 MILLION. THIS WAS 16.7 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND 24.0 PER CENT HIGHER THAN ON THE SAME QUARTER OF 1986.

OF THIS GROSS VALUE, $2,353 MILLION WAS CONSTRUCTION OUTPUT OF PUBLIC PROJECTS, REPRESENTING INCREASES OF 12.7 PER CENT AND 19.6 PER CENT COMPARED WITH THE PRECEDING QUARTER AND THE SAME QUARTER OF 1986 RESPECTIVELY.

IN THE PRIVATE SECTOR, THE CONSTRUCTION OUTPUT AT SITES WAS $4,944 MILLION, WHICH WAS 18.6 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND 26.3 PER CENT HIGHER THAN IN THE SAME QUARTER OF 1986.

RESIDENTIAL BUILDINGS (WHICH INCLUDE BUILDINGS) IN THE FOURTH

THE OUTPUT VALUE OF COMBINED RESIDENTIAL AND NON-RESIDENTIAL QUARTER OF 1987 WAS $3,307 MILLION.

THIS REPRESENTED INCREASES OF 14.6 PER CENT AND 12.2 PER CENT OVER THE PRECEDING QUARTER AND THE SAME QUARTER OF 1986 RESPECTIVELY.

THE OUTPUT VALUE OF COMMERCIAL BUILDINGS WAS $1,120 MILLION, REPRESENTING AN INCREASE OF 31.1 PER CENT IN COMPARISON WITH THE PRECEDING QUARTER AND A SUBSTANTIAL INCREASE OF 75.8 PER CENT OVER THE SAME QUARTER OF 1986.

THE OUTPUT VALUE OF INDUSTRIAL AND STORAGE BUILDINGS IN THE FOURTH QUARTER OF 1987 WAS $656 MILLION, WHICH WAS 19.3 PER CENT AND 47.4 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND THE SAME QUARTER OF 1986 RESPECTIVELY.

THE OUTPUT VALUE OF TRANSPORT PROJECTS WAS $1,160 MILLION, WHICH WAS 20.1 PER CENT ABOVE THE VALUE IN THE PRECEDING QUARTER

18.2 PER CENT ABOVE THE VALUE IN THE SAME QUARTER OF 1986.

AND

/THE HIGH