XN000022-1989-02-03 — Page 14

FRIDAY, FEBRUARY 3, 1989

13

1988 THIRD QUARTER CONSTRUCTION OUTPUT STATISTICS RELEASED

*

THE

VALUE GROSS

OF CONSTRUCTION

WORK

MAIN $9,586 PRECEDING QUARTER

BY PERFORMED

ΤΟ THE THIRD QUARTER OF 1988, WHICH AMOUNTED WHICH WAS 3.2 PER CENT LOWER THAN IN THE BUT 16.0 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1987.

CONTRACTORS MILLION,

THE RESULTS RELEASED TODAY

OF THE (FRIDAY)

QUARTERLY SURVEY OF AND BY THE CENSUS

THIS IS SHOWN BY CONSTRUCTION OUTPUT STATISTICS DEPARTMENT.

THE CONSTRUCTION WORK PERFORMED BY MAIN WORK CARRIED OUT AT CONSTRUCTION SITES, AT STRUCTURES, AND AT OTHER MINOR WORK LOCATIONS.

CONTRACTORS

ERECTED

INCLUDES BUILDINGS AND

WITH

THE

THE INDEX OF GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN

WAS FOR THE THIRD QUARTER OF 1988

145.5, CONTRACTORS QUARTERLY AVERAGE OF 1982 BEING TAKEN AS 100.

THE CORRESPONDING INDEXES FOR THE SECOND QUARTER OF THE THIRD QUARTER OF 1987 WERE 150.3 AND 125.4 RESPECTIVELY.

1988

AND

OF

WITH REGARD TO THE INCREASE OF 16.0 PER CENT IN THE VALUE CONSTRUCTION WORK PERFORMED IN THE THIRD QUARTER OF 1988 OVER THE SAME QUARTER IN 1987, A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT THIS WAS LARGELY DUE TO A MARKED INCREASE IN CONSTRUCTION COSTS.

VOLUME OF

BEAR

THE DISCOUNTING AFTER

COST

THE INCREASES, CONSTRUCTION WORK PERFORMED MIGHT HAVE DECLINED. READERS SHOULD THIS POINT IN MIND WHEN INTERPRETING THE SURVEY RESULTS.

WORK

MAIN 1988 WAS PRECEDING

THE GROSS VALUE OF CONSTRUCTION

BY PERFORMED CONTRACTORS AT CONSTRUCTION SITES IN THE THIRD QUARTER OF THE $7,305 MILLION. THIS WAS 6.0 PER CENT LOWER THAN IN QUARTER BUT 16.8 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1987.

SITES,

THE GROSS AT ERECTED

WAS

$2,281

APART FROM WORK PERFORMED AT CONSTRUCTION VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS BUILDINGS AND STRUCTURES AND OTHER MINOR WORK LOCATIONS MILLION, WHICH WAS 7.1 PER CENT AND 13.7 PER CENT HIGHER THAN IN PRECEDING QUARTER AND THE THIRD QUARTER OF 1987 RESPECTIVELY.

THE

BY PERFORMED

MAIN WAS RELATED TO

GOVERNMENT, RAILWAY

OF THE

VALUE OF CONSTRUCTION WORK GROSS CONTRACTORS AT CONSTRUCTION SITES, $2,483 MILLION CONSTRUCTION PROJECTS OF THE PUBLIC SECTOR (INCLUDING THE MASS TRANSIT RAILWAY CORPORATION AND KOWLOON-CANTON

CORPORATION).

THIS REPRESENTED A DECREASE OF 2.7 PER CENT WHEN COMPARED THE PRECEDING QUARTER BUT AN INCREASE OF 19.0 PER CENT OVER THE QUARTER OF 1987.

WITH THIRD

/AS FOR ...........