XN000022-1989-11-03 — Page 6

FRIDAY. NOVEMBER 3, 1989

5

CONSTRUCTION OUTPUT STATISTICS FOR 2ND QUARTER RELEASED

OUT AT

BY PERFORMED

SITES, CONSTRUCTION

WORK LOCATIONS)

MAIN

AT

AND

WHICH WAS 20.4 PER

THE GROSS VALUE OF CONSTRUCTION WORK CONTRACTORS (INCLUDING WORK CARRIED ERECTED BUILDINGS AND STRUCTURES, AND AT OTHER MINOR IN THE SECOND QUARTER OF 1989 AMOUNTED TO $11,922 MILLION, 0.5 PER CENT HIGHER THAN IN THE FIRST QUARTER OF 1989, CENT HIGHER THAN IN THE SECOND QUARTER OF 1988.

THIS IS SHOWN OUTPUT CONSTRUCTION STATISTICS DEPARTMENT.

BY THE RELEASED

OF

AND

RESULTS OF THE

SURVEY QUARTERLY TODAY (FRIDAY) BY THE CENSUS

CONSTRUCTION WORK PERFORMED THE INDEX OF GROSS VALUE OF

BY 180.9, WITH THE MAIN CONTRACTORS FOR THE SECOND QUARTER OF 1989 WAB

1982 BRING TAKEN AS 100. QUARTERLY AVERAGE OF

THE CORRESPONDING OF 1988 INDEXES FOR THE FIRST QUARTER OF 1989 AND THE SECOND QUARTER WERE 180.1 AND 150.3 RESPECTIVELY.

OF

THE THAT

VALUE WITH REGARD TO THE INCREASE OF 20.4 PER CENT IN THE CONSTRUCTION WORK PERFORMED IN THE SECOND QUARTER OF 1989 OVER SAME QUARTER IN 1988. A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THIS WAS MOSTLY ATTRIBUTABLE TO THE INCREASE IN CONSTRUCTION COSTS.

THIS

GROWTH IN THE AFTER DISCOUNTING THE COST INCREASES, THE REAL

WAS SUBSTANTIALLY LESS. VOLUME OF CONSTRUCTION WORK PERFORMED POINT SHOULD BE BORNE IN MIND IN INTERPRETING THE SURVEY RESULTS.

THE

VALUE GROSS

OF CONSTRUCTION WORK

BY PERFORMED

MAIN OF 1989 WAS CONTRACTORS AT CONSTRUCTION SITES IN THE SECOND QUARTER

THAN IN THE PRECEDING $9,200 MILLION. THIS WAS 2.1 PER CENT HIGHER QUARTER AND 18.4 PER CENT HIGHER THAN IN THE SECOND QUARTER OF 1988.

WORK

THE GROSS AT CONTRACTORS

ERECTED LOCATIONS WAS

$2,722 QUARTER

AT CONSTRUCTION SITES, APART FROM WORK PERFORMED VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN BUILDINGS AND STRUCTURES AND OTHER MINOR MILLION, WHICH WAS 4.8 PER CENT LOWER THAN IN BUT 27.9 PER CENT HIGHER THAN IN THE SECOND QUARTER OF 1988.

OF CONSTRUCTION

SITES,

THE PRECEDING

OF THE GROSS VALUE

WORK PERFORMED BY MAIN

WAS $3,001 MILLION CONTRACTORS AT CONSTRUCTION

RELATED TO CONSTRUCTION PROJECTS OF THE PUBLIC SECTOR (INCLUDING THE GOVERNMENT,

CORPORATION RAILWAY

AND KOWLOON-CANTON

RAILWAY

CORPORATION). THIS REPRESENTED INCREASES OF 0.4 PER CENT AND 17.6

MASS TRANSIT

CENT OVER THE

OF QUARTER

PER 1988

QUARTER PRECEDING

AND THE SECOND

RESPECTIVELY.

WORK

AS FOR CONSTRUCTION PROJECTS OF THE PRIVATE SECTOR, VALUE OF CONSTRUCTION

PERFORMED

CONSTRUCTION SITES WAS $6,199 MILLION, 18.8 PER CENT HIGHER THAN IN THE QUARTER OF 1988 RESPECTIVELY.

PRECEDING

THE GROSS MAIN BY

CONTRACTORS AT WAS WHICH

3.0 PER CENT AND

AND QUARTER

THE SECOND

/WHEN ANALYSED