Construction Output for 1996
The gross value of construction work, in nominal terms, performed by main contractors amounted to $116.0 billion in 1996, according to the preliminary results of the Quarterly Survey of Construction Output released today (Tuesday) by the Census and Statistics Department. This represented an increase of 16.3% over 1995.
Based on the provisional estimate, the gross value of construction work, measured at constant (1990) market prices, performed by main contractors in 1996 increased by 9.0% over 1995.
The gross value of construction work, in nominal terms, performed at public sector sites amounted to $46.7 billion, representing an increase of 23% in nominal terms, or 17.4% when measured at constant (1990) market prices.
The gross value of construction work, in nominal terms, performed at private sector sites totalled $40.2 billion, representing an increase of 12.8%. When measured at constant (1990) market prices, it was up by 2.9%.
The gross value of construction work, in nominal terms, performed by contractors at locations other than construction sites amounted to $29.2 billion, 11.2% higher than 1995. When measured at constant (1990) market prices, it increased by 5.5%. Work in this category included minor new construction activities and renovation work at erected buildings and structures; and electrical and mechanical fitting work.
Analysed by end-use, transport projects, which covered airport construction projects, accounted 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, in nominal terms, was $26.8 billion, representing an increase of 16.9%.
Residential building projects (including commercial and residential composite buildings) represented the second largest category of construction site work. The gross value of construction work performed for these projects was $26.6 billion, 30% higher than 1995.
Commercial building projects constituted the third largest category of construction site work. The gross value of construction work performed for these projects totalled $11.9 billion, representing an increase of 48%.
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