Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 15% UP IN OCT

25 November , 2019  

The volume of construction work in Ukraine in October 2019 increased by 14.9% compared to October 2018, while in September 2019 compared to September 2018 this figure rose by 11.3%.
According to the State Statistics Service, the data are given excluding the occupied territory of Crimea and the temporarily occupied territories in Donetsk and Luhansk regions.
According to the agency, the volume of construction work in October increased by 6.7% compared to the previous month (according to seasonally adjusted data, by 2.2%), while compared to August 2019 this figure increased by 7.2%.
According to the State Statistics Service, in October 2019 from October 2018 the volume of work decreased in-residential construction, and decreased in non-residential and engineering construction. According to uncorrected data, the growth in non-residential construction amounted to 18.8%, engineering some 22%. The decrease in the volume of work in residential construction amounted to 8.7%.
In addition, in October the volume of construction work in construction of residential buildings compared to September decreased by 8.4%, construction of engineering structures by 9.8%, while in the non-residential construction increased by 1.6%.
In January-October 2019 compared with January-October 2018, a drop in the volume of construction work was recorded in three regions of Ukraine, in particular, in Ivano-Frankivsk (by 4.5%, to UAH 2.81 billion), Cherkasy (1.9%, to UAH 1.463 billion), and Zaporizhia (5.9%, to UAH 2.81 billion).
The largest growth in the volume of construction work over the ten months was recorded in Vinnytsia (1.9 times, to UAH 6.815 billion), Chernihiv (1.5 times, to UAH 1.405 billion), and Kherson (1.4 times, to UAH 1.335 billion) regions.
In Kyiv, the volume of construction work for the ten months grew by 27.1% and amounted to UAH 31.54 billion.

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