Ukraine boosts construction works by 0.7% in Jan-Feb 2018

Photo from UNIAN Ukrainian construction firms in January-February 2018 boosted construction works by 0.7% year-over-year (y-o-y), to UAH 10.484 billion (US$398.6 million). The construction of buildings over the period under review grew by 5.7%, to UAH 6.195 billion ($235.6 million). In particular, construction of residential buildings was down by 0.4%, to UAH 3.257 billion ($123.8 million), while construction of commercial buildings rose by 14.2%, to UAH 2.938 billion ($111.7 million). Moreover, construction of engineering facilities shrank by 6%, to UAH 4.289 billion ($163 million), the State Statistics Service of Ukraine said. Construction from scratch, reconstruction, and technical re-equipment in January-February accounted for 82.9% of total operations, while the share of overhauls and maintenance repairs was at 8.1% and 9%, respectively. Read alsoFitch re-states 3.2% economic growth in Ukraine in 2018Construction firms in Kyiv alone boosted their operations by 2.6%, to UAH 2.852 billion ($108.4 million), over the period under review, accounting for 27.2% of the total construction works across the country. The State Statistics Service said that the data excluded reports from temporarily occupied areas in the Autonomous Republic of Crimea, the city of Sevastopol, as well as the Anti-Terrorist Operation zone in the east of Ukraine. As UNIAN reported earlier, Ukraine&#39;s construction firms in 2017 boosted construction by 20.9% against 2016, to UAH 101.1 billion ($3.8 billion). Construction companies improved their performance by 13.1% in 2016, to UAH 70.9 billion ($2.7 billion), whereas they reduced the amount of construction works by 14.9% in 2015, to UAH 55.9 billion ($2.1 billion).

Ukraine boosts construction works by 0.7% in Jan-Feb 2018

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