XN000022-1994-07-18 — Page 12

MONDAY, JULY 18, 1994

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CONSTRUCTION OUTPUT STATISTICS FOR FIRST QUARTER OF 1994

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS, INCLUDING GENERAL AND SPECIAL TRADE CONTRACTORS, AMOUNTED $21.6 BILLION IN THE FIRST QUARTER OF 1994, AND WAS 27.1% HIGHER THAN A YEAR EARLIER.

ΤΟ

THESE ARE SOME OF THE RESULTS OF THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

COMPARED WITH THE FOURTH QUARTER OF 1993, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS IN THE FIRST QUARTER OF 1994 INCREASED BY 2.9%.

PRIVATE

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT SECTOR SITES TOTALLED $8.8 BILLION, AND WAS 19.2% AND 10.9% HIGHER THAN IN THE FIRST QUARTER OF 1993 AND THE FOURTH QUARTFR OF 1993 RESPECTIVELY.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT PUBLIC SECTOR SITES WAS $6.7 BILLION, REPRESENTING AN INCREASE OF 38.6% OVER THE FIRST QUARTER OF 1993 BUT A DECREASE OF 7.0% OVER THE FOURTH QUARTER OF 1993.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY GENERAL CONTRACTORS AT LOCATIONS OTHER THAN CONSTRUCTION SITES WAS $4.1 BILLION, WHICH WAS 24.0% HIGHER THAN IN THE FIRST QUARTER OF 1993 BUT 1.4% LOWER THAN IN THE FOURTH QUARTER OF 1993.

THIS INCLUDED MINOR NEW CONSTRUCTION ACTIVITIES AND RENOVATION WORK AT ERECTED BUILDINGS AND STRUCTURES.

THE GROSS VALUE OF CONSTRUCTION ACTIVITIES PERFORMED BY SPECIAL TRADE CONTRACTORS AT LOCATIONS OTHER THAN CONSTRUCTION SITES, COMPRISING MAINLY ELECTRICAL AND MECHANICAL FITTING WORK, TOTALLED $2.0 BILLION, AND WAS 35.9% AND 17.9% HIGHER THAN IN THE FIRST QUARTER OF 1993 AND THE FOURTH QUARTER OF 1993 RESPECTIVELY,

ANALYSED BY END-USE, RESIDENTIAL BUILDING PROJECTS (INCLUDING COMMERCIAL/RESIDENTIAL (COMPOSITE) BUILDINGS) CONTINUED TO ACCOUNT FOR THE GREATEST PORTION OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED AT CONSTRUCTION SITES.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED FOR THESE PROJECTS WAS $5.0 BILLION, REPRESENTING AN INCREASE OF 3.0% AND 1.9% OVER THE FIRST QUARTER OF 1993 AND THE FOURTH QUARTER OF 1993 RESPECTIVELY.

TRANSPORT PROJECTS REMAIN THE SECOND LARGEST CATEGORY OF CONSTRUCTION SITE WORK.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED PROJECTS WAS $4.7 BILLION.

FOR THESE

THIS WAS 96.0% AND 7.0% HIGHER THAN IN THE FIRST QUARTER OF 1993 AND THE FOURTH QUARTER OF 1993 RESPECTIVELY.

/THE INCREASE