Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 4.4% UP IN 2018

27 January , 2019  

The volume of construction work performed in Ukraine in 2018 increased by 4.4% compared with 2017, while growth in 2017 compared with 2016 was 26.3%, according to reviewed statistics. According to the agency, the volume of construction work performed in December 2018 decreased by 8.8% compared with December 2017, while compared with November it grew by 36.7% (according to seasonally adjusted data it declined by 3.2%).
According to the report, in 2018 compared with 2017 the volume of construction work decreased only in residential construction – by 1.6% (a rise of 16.3% in 2017 on 2016).
Nonresidential construction in 2018 rose by 1.2% (26.1% in 2017) and in engineering – by 9% (31.7% in 2017).
In 2018 compared with 2017, an increase in the volume of construction work was recorded in 14 regions of Ukraine, while in Kyiv there was a drop of 3.5%, to UAH 30.1 billion.
According to the State Statistics Service, the largest increase in this indicator was seen in Vinnytsia (by 42.6%, to UAH 5.5 billion), Donetsk (by 32.6%, to UAH 5.3 billion) and Cherkasy (by 18.2%, to UAH 1.9 billion) regions.
The decline in construction work in 2018 by 2017 was recorded in Kirovohrad (by 16.7%, to UAH 1.6 billion), Luhansk (by 16.3%, to UAH 0.6 billion) and Mykolaiv (by 14.3%, to UAH 2.8 billion) regions.