Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE IN NOV 2019 INCREASES BY 19%

25 December , 2019  

The volume of construction work in Ukraine in November 2019 increased by 18.9% compared to November 2018, while in October 2019 compared to October 2018 this figure rose by 14.9%. According to the State Statistics Service, the volume of construction work in November increased by 3.9% compared to the previous month (according to seasonally adjusted data, it fell by 1.1%), while compared to September 2019 this figure decreased by 6.7%.
According to the State Statistics Service, in November 2019 from November 2018 the volume of work decreased in residential construction, and increased in non-residential and engineering construction. According to uncorrected data, the growth in non-residential construction amounted to 22.8%, engineering some 24.1%. The decrease in the volume of work in residential construction amounted to 7.5%.
In addition, in November the volume of construction work in construction of residential buildings compared to October decreased by 12.8%, while in the non-residential construction increased by 7.4%, and in construction of engineering structures by 7.1%.
In January-November 2019 compared with January-November 2018, a drop in the volume of construction work was recorded in three regions of Ukraine, in particular, in Ivano-Frankivsk (by 1%, to UAH 2.763 billion), Cherkasy (5.6%, to UAH 1.655 billion), and Zaporizhia (5.2%, to UAH 3.245 billion).
The largest growth in the volume of construction work over the 11 months was recorded in Vinnytsia (two times, to UAH 9.189 billion), Chernihiv (1.5 times, to UAH 1.589 billion), and Kherson (1.4 times, to UAH 1.566 billion) regions.
In Kyiv, the volume of construction work for the 11 months grew by 26.5% and amounted to UAH 35.55 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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