XN000022-1990-05-04 — Page 10

FRIDAY, MAY 4, 1990

4TH QUARTER CONSTRUCTION OUTPUT STATISTICS RELEASED

* * *

WORK

SITES,

LOCATIONS)

ACCORDING

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN

OUT AT CONSTRUCTION CONTRACTORS (INCLUDING WORK CARRIED

AT ERECTED BUILDINGS AND STRUCTURES, AND AT OTHER MINOR IN THE FOURTH QUARTER OF 1989 AMOUNTED TO $13,453 MILLION, TO THE RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

THIS WAS 6.2 PER CENT HIGHER THAN IN THE THIRD QUARTER OF 1989, AND 13.5 PER CENT HIGHER THAN IN THE FOURTH QUARTER OF 1988.

INCREASES

THE A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT

TOTAL VALUE OF 13.5 PER CENT IN THE

OF CONSTRUCTION WORK IN THE THE SAME QUARTER IN 1988 FOURTH QUARTER OF 1989 OVER

WAS MOSTLY ATTRIBUTABLE TO THE INCREASE IN CONSTRUCTION COSTS.

GROWTH AFTER DISCOUNTING THE COST INCREASES, THE REAL VOLUME OF CONSTRUCTION WORK PERFORMED WAS SUBSTANTIALLY LESS.

IN THE

BY

THE INDEX OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED

WITH THE MAIN CONTRACTORS FOR THE FOURTH QUARTER OF 1989 WAS 204.2, QUARTERLY AVERAGE OF 1982 BEING TAKEN AS 100.

THE CORRESPONDING INDEXES FOR THE THIRD QUARTER OF 1989 AND THE FOURTH QUARTER OF 1988 WERE 192.2 AND 179.8 RESPECTIVELY.

THE

MAIN

VALUE GROSS

OF CONSTRUCTION WORK

BY PERFORMED

OF 1989 WAS CONTRACTORS AT CONSTRUCTION SITES IN THE FOURTH QUARTER

IN THE PRECEDING $10,041 MILLION. THIS WAS 2.8 PER CENT HIGHER THAN QUARTER AND 12.1 PER CENT HIGHER THAN IN THE FOURTH QUARTER OF 1988.

GROSS ERECTED

AT CONSTRUCTION SITES,

THE APART FROM WORK PERFORMED

CONTRACTORS AT VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN

WAS WORK LOCATIONS BUILDINGS AND STRUCTURES AND OTHER MINOR MILLION, WHICH WAS 17.6 PER CENT AND 17.9 PER CENT HIGHER THAN IN PRECEDING QUARTER AND THE FOURTH QUARTER OF 1988 RESPECTIVELY.

OF THE GROSS VALUE

OF

$3,412 THE

CONSTRUCTION WORK PERFORMED BY MAIN SITES, $3,904 MILLION WAS CONTRACTORS AT CONSTRUCTION

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

CORPORATION AND KOWLOON-CANTON RAILWAY

MASS TRANSIT

CORPORATION).

RAILWAY

THE PRECEDING

THIS REPRESENTED INCREASES OF 6.3 PER CENT OVER QUARTER AND 35.5 PER CENT OVER THE FOURTH QUARTER OF 1988.

THE

$6,136 REMAINING

MILLION

WAS RELATED

ΤΟ CONSTRUCTION CENT AND 1.0 PER FOURTH QUARTER OF

PROJECTS OF THE PRIVATE SECTOR, WHICH WAS 0.7 PER CENT HIGHER THAN IN THE PRECEDING QUARTER AND THE 1988 RESPECTIVELY.

/WHEN ANALYSED

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