Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 4.8% UP IN OCT

23 November , 2018  

The volume of construction work performed in Ukraine in October 2018 decreased by 4.8% compared with October 2017, while in September 2018 from September 2017 this figure decreased by 0.2%. According to the State Statistics Service, the data are given excluding the occupied territory of Crimea and the temporarily uncontrolled territories in Donetsk and Luhansk regions.
According to the agency, the volume of construction work performed in October 2018 decreased by 5.2% compared with September 2018 (according to the seasonally adjusted data declined by 2.5%), whereas in September 2018 this figure grew by 4% compared to August 2018.
According to the report, in October 2018 from October 2017 the volume of construction work increased in residential, nonresidential construction and in engineering. According to unadjusted data, the growth in residential construction was 0.3%, in nonresidential some 2.5% and in construction of engineering structures by 9.6%.
In addition, in October the volume of construction of residential buildings increased by 0.5% compared to September, nonresidential buildings by 7%, and engineering structures by 5.4%.
In January-October 2018 compared with January-October 2017 the fall in the volume of construction work was recorded in Kyiv City and nine regions of Ukraine, in particular in Luhansk (by 28.1%, to UAH 387.9 million), Zakarpattia (by 17.2%, to UAH 985.7 million), Mykolaiv (by 14.9%, to UAH 1.96 billion) and Sumy (14.9%, to UAH 929.7 million) regions.