Construction sector output jumps 23.8 pc in September

In September 2017, output volume in the construction sector grew by 23.8 percent year-on-year. Besides the Government’s housing measures, the sector’s robust expansion has also been the result of private and public sector projects. Compared to the output average of 2010, the sector’s output has been up by some 16 percent this year.

The output volume of the construction of buildings and civil engineering works was up by 22.9 percent and 25.4 percent, respectively.

Growth in the former category was mainly attributable to

the building of industrial facilities under private sector projects and, to a lesser extent, to the building of sports facilities, educational and residential properties.

The main drivers of growth in the civil engineering works category were road, railway and public utility projects.

Given the fact that the volume of contracts was up by 119.5 percent year-on-year at the end of the observed month, the sector’s outlook has remained encouraging. While the volume of contracts for the construction of buildings grew by 33.6 percent year-on-year, that of civil engineering works soared by 177.7 percent in the observed period.