Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 6% DOWN

The volume of construction work performed in Ukraine in January-May 2021 decreased by 6.1% compared to the same period in 2020.
According to the State Statistics Service, in January-May, the volume of construction work completed amounted to UAH 54.4 billion.
According to the statistics department, in May 2021 the seasonally adjusted index of construction products amounted to 93.1% compared to the previous month, adjusted for the effect of calendar days compared to May 2020 – 91.6%.
The State Statistics Service reported that in May 2021 from May a year earlier, an increase in the volume of construction work was observed only in residential construction – by 30.9%, while in the segment of non-residential construction it decreased by 4.8%, engineering – by 19.7%.
The share of new construction in the total volume of completed construction work was 40.6%, repairs – 31.6%, reconstruction and technical re-equipment – 27.8%.
An increase in the volume of construction work in January-May 2021 compared to January-May 2020 was recorded in Khmelnytsky (by 20.1%, to UAH 1.4 billion), Ternopil (by 50.6%, to UAH 1.1 billion), Rivne (by 20.6%, to UAH 949.5 million), Volyn (by 10.6%, to UAH 713.7 million), Kharkiv (by 10.6%, to UAH 5.9 billion), Donetsk (by 5.9%, to UAH 2.1 billion) and Ivano-Frankivsk (by 9.8%, to UAH 1.1 billion) regions.
In other regions, there was a decrease in construction volumes. The most significant drop was shown by Chernivtsi (by 48%), Kherson (by 32.7%) and Vinnytsia (by 37%) regions.
As reported, the volume of construction work performed in Ukraine in 2020 increased by 4% compared to 2019.

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