Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE DOWN BY 12.3% IN Q1

2 July , 2021  

The volume of construction work performed in Ukraine in January-March 2021 decreased by 12.8% compared to the same period in 2020.
According to the State Statistics Service, in January-March, the volume of construction work performed amounted to UAH 26.3 billion.
In March 2021 the seasonally adjusted index of construction products amounted to 99.7% compared to the previous month, the one adjusted for the effect of calendar days compared to March 2020 was 90.4%.
The service reported that in March 2021 from March 2020, an increase in the volume of construction work was observed in the segment of residential construction – by 8.6%, engineering structures – by 9.7%. At the same time, in non-residential construction, the decline in the volume of construction work amounted to 4.2%.
The share of new construction in the total volume of completed construction work amounted to 44.5%, repairs – 27.9%, reconstruction and technical re-equipment – 27.6%.
An increase in the volume of construction work in January-March 2021 compared to January-March 2020 was recorded in Khmelnytsky (by 40.8%), Rivne (by 29.2%), Ternopil (by 9.2%) and Kharkiv (by 4.7%) regions.
In other regions, there was a decrease in construction volumes. The most significant drop was shown by Chernivtsi (by 59.4%) and Vinnytsia (by 56%) regions.
The statistics are given without taking into account the temporarily occupied Crimea and the temporarily occupied territories in Donetsk and Luhansk regions.
As reported, the volume of construction work performed in Ukraine in 2020 increased by 4% compared to 2019.

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