Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 2.8% DOWN IN FEB

1 April , 2020  

The volume of construction work in Ukraine in February 2020 decreased 2.8% compared with February 2019 and amounted to UAH 15.7 billion.
According to the State Statistics Service, in February, the volume of construction work increased by 11.1% compared to the previous month (according to the seasonally adjusted data, it decreased by 2.7%), while compared to December 2019 this figure fell by 8.7%.
According to the statistics agency, in February 2020 from February 2019 the volume of work increased in non-residential construction and decreased in residential and engineering. According to unadjusted data, the growth in non-residential construction was 12.5%. The reduction in construction volumes in building engineering structures amounted to 8.7% and residential construction some 0.2%.
At the same time, the share of new construction in the total volume of completed construction works amounted to 48.8%, repairs to 24.7%, reconstruction and technical re-equipment to 26.5%.
In January-February 2020 compared with January-February 2019, a decrease in the volume of construction work was recorded in nine regions, in particular, in Sumy (by 30.1%, to UAH 143.2 million), Odesa (by 29.4%, to UAH 814.6 million), and Luhansk (by 18.7%, to UAH 31.7 million).
The largest growth in construction work in January-February was recorded in Rivne (by 43%, to UAH 258 million), Kirovohrad (by 33.8%, to UAH 145 million), and Ivano-Frankivsk (by 33%, to UAH 293 million) regions.
The volume of construction work in Kyiv in January-February 2020 fell by 0.9% and amounted to UAH 4 billion.
The data are given excluding the occupied territory of Crimea and the temporarily occupied territories in Donetsk and Luhansk regions.

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