Business news from Ukraine

Business news from Ukraine

CONSTRUCTION IN UKRAINE IN AUG 1.1% DOWN, HIGHEST INCREASE IS RECORDED IN ODESA (BY 43.7%)

25 September , 2018  

The volume of completed construction works in Ukraine in August 2018 decreased by 1.1% compared to August 2017, whereas growth in July 2018 from July 2017 was 9.7%. The report does not include data from temporarily occupied territories, namely the Autonomous Republic of Crimea and partly Donetsk and Luhansk regions, the State Statistics Service of Ukraine has said. The volume of completed construction works in August 2018 from July 2018 decreased by 6.4% (according to seasonally adjusted data, it decreased by 6.9%), whereas there was a 5.8% fall in July 2018 from June 2018.
Residential and nonresidential construction declined in August 2018 from August 2017, while the construction of engineering facilities was on the rise. According to unadjusted data, residential construction saw a 13.3% decline, while the decline of nonresidential construction was 5.4%. The construction of engineering facilities increased 6.4%.
The construction of residential buildings in August 2018 from July 2018 decreased by 9.9%, the construction of nonresidential buildings grew by 5.5%, engineering facilities fell by 10%.
In January-August 2018, a decrease in construction work compared to the same period of 2017 was recorded in 11 regions of Ukraine and Kyiv city, including in Luhansk (by 43.7%, to UAH 233.2 million), Sumy (by 20.9%, to UAH 635.7 million) and Zakarpattia (by 17.8%, to UAH 710.5 million) regions.
The highest increase in completed construction works in the eight months ending August 2018 was recorded in Odesa (by 43.7%, to UAH 9.597 billion) Khmelnytsky (by 32.5%, to UAH 1.663 billion) and Ivano-Frankivsk (by 31.4%, to UAH 1.7 billion) regions.
In Kyiv, the volume of construction work in the eight months ending August 2018 fell by 3.7%, to UAH 16.741 billion.

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