XN000022-1991-05-02 — Page 10

THURSDAY, MAY 2, 1991

FOURTH QUARTER CONSTRUCTION OUTPUT STATISTICS RELEASED

*

THE GROSS VALUE OF CONSTRUCTION WORK

BY PERFORMED

MAIN CONTRACTORS (WHICH MAY BE GENERAL CONTRACTORS OR SPECIAL TRADE CONTRACTORS) IN THE FOURTH QUARTER OF 1990 AMOUNTED TO $16,901

WHICH WAS 6.8% HIGHER THAN IN THE THIRD QUARTER OF 1990 MILLION,

ACCORDING 25.6% NIGHER THAN IN THE FOURTH QUARTER OF 1989, RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

CONTRACTORS MAY BE GENERAL CONTRACTORS OR MAIN

WHEREAS GENERAL CONTRACTORS

AND RENOVATION AND

WORK

AND

ΤΟ THE

TODAY

SPECIAL TRADE

CONTRACTORS.

ARE ENGAGED IN NEW

CONSTRUCTION

TRADE SPECIAL MAINTENANCE, CONTRACTORS ARE ENGAGED IN SPECIALISED JOB AREAS SUCH AS CONCRETING, SCAFFOLDING, CARPENTRY, PLUMBING AND GAS WORK.

A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT THE INCREASE OF 25.6% IN THE GROSS VALUE OF CONSTRUCTION WORK IN THE FOURTH QUARTER OF 1990

ATTRIBUTABLE OVER THE SAME PERIOD IN 1989 WAS PARTLY INCREASE IN CONSTRUCTION COSTS.

ΤΟ THE

REAL

STILL BE

THE AFTER DISCOUNTING THE COST INCREASES, NEVERTHELESS, GROWTH IN THE VOLUME OF CONSTRUCTION WORK PERFORMED SHOULD SIGNIFICANT.

WITH

THE INDEX OF GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN

256.5, CONTRACTORS

QUARTER OF 1990 FOR

WAS

THE THE FOURTH QUARTERLY AVERAGE OF 1982 BEING TAKEN AS 100.

THE CORRESPONDING INDEXES FOR THE THIRD QUARTER OF 1990 AND THE

RESPECTIVELY. FOURTH QUARTER OF 1989 WERE 240.2 AND 204.2

BY PERFORMED

MAIN WAS $15,432 MILLION

THIS WAS 6.4% QUARTER

OF THE GROSS VALUE OF CONSTRUCTION WORK CONTRACTORS

THE FOURTH IN

QUARTER OF 1990, ATTRIBUTABLE TO WORK PERFORMED BY GENERAL CONTRACTORS. AND 26.3% HIGHER THAN IN THE PRECEDING QUARTER AND THE FOURTH OF 1989 RESPECTIVELY.

ON

WAS FOURTH

THE OTHER HAND, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY SPECIAL TRADE CONTRACTORS WAS $1,468 MILLION, WHICH

THE 11.1% AND 18.7% HIGHER THAN IN THE PRECEDING QUARTER AND QUARTER OF 1989 RESPECTIVELY.

BY GENERAL RELATED BEING

OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED CONTRACTORS IN THE FOURTH QUARTER OF 1990, $8,267 MILLION WAS ΤΟ NEW CONSTRUCTION WORK AT PRIVATE SECTOR CONSTRUCTION SITES, 9.2% AND 34.7% HIGHER THAN IN THE PRECEDING QUARTER AND QUARTER OF 1989 RESPECTIVELY.

THE FOURTH

SOME

PUBLIC SECTOR

WORK AT MILLION WAS RELATED TO NEW CONSTRUCTION $3.892

THE (INCLUDING

TRANSIT RAILWAY CONSTRUCTION KOWLOON-CANTON

MASS GOVERNMENT, RAILWAY CORPORATION)

THE

CORPORATION AND

SITES, REPRESENTING DECREASES OF 0.4% AND 0.3% WHEN COMPARED WITH PRECEDING QUARTER AND THE FOURTH QUARTER OF 1989 RESPECTIVELY.

/THE REMAINING

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