Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 4.4% UP IN 2018

24 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 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 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.