PRODUCTION IN BUILDING AND CONSTRUCTION INDEX QUARTER 1 2018

 

Building and Construction Output increased by 7.4% in 1st quarter 2018

The volume of output in building and construction increased by 7.4% in the first quarter of 2018 when compared with the preceding period.

This reflects increases of 5.6%, 5.5% and 1.1% respectively in the volume of residential building work, non-residential building work and civil engineering work. The change in the value of building and construction in the same period was +4.4%.

On an annual basis, the volume of output in building and construction increased by 20.6% in the first quarter of 2018 when compared with the fourth quarter of 2017*. Output volumes increased by 30.0%, 10.1%, and 8.1% respectively in residential building, civil engineering and non-residential building work in the year to end Quarter 1, 2018. There was an increase of 18.1% in the value of production in the same period.

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