Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 8.9% UP

24 September , 2019  

The volume of construction work in Ukraine in August 2019 increased by 8.9% compared to August 2018, while in July 2019 from July 2018 this figure rose by 14.5%.
According to the State Statistics Service, the data are given excluding the occupied territory of Crimea and Donetsk and Luhansk regions.
According to the statistics agency, the volume of construction work in August 2019 decreased by 11.5% compared with August 2019, while this figure grew by 3.3% compared to June 2019.
According to the State Statistics Service, in August 2019 compared with August 2018, the volume of work increased in nonresidential and engineering construction. According to the unadjusted data, the growth in nonresidential construction was 21.8%, and in engineering some 10.4%. The decline in in residential construction was 11.5%.
In addition, the service said that in August, the volume of work in construction of residential buildings compared with July decreased by 27.8%, engineering structures by 11.9%, and nonresidential increased by 2.4%.
In January-August 2019 compared with January-August 2018, the drop in the volume of construction work was recorded in three regions of Ukraine, in particular, in Ivano-Frankivsk (9.7%, to UAH 1.767 billion), Cherkasy (by 0.8%, to UAH 1.054 billion) and Odesa (by 8.8%, to UAH 9.31 billion).
The largest growth in the volume of construction works during the eight months of 2019 was recorded in Vinnytsia (2.1 times, to UAH 4.805 billion), Chernihiv (1.68 times, to UAH 1.026 billion), and Kherson regions (1.45 times, to UAH 1.132 billion).
In Kyiv, the volume of construction work over the eight months of this year increased by 24.7% and amounted to UAH 23.084 billion.

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