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Latvian construction output grows 7.4% in Q1
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    News

    Latvian construction output grows 7.4% in Q1

    RIGA, May 13 (LETA) - During the first quarter of 2019, Latvia’s calendar-adjusted construction output increased by 7.4 percent against the same period last year at constant prices, the Central Statistical Bureau (CSB) informed today.

    Construction of buildings quickened by 4.8 percent year-on-year and specialized construction works increased by 20.5 percent, while civil engineering activity slowed 2.4 percent.

    Compared to the first quarter of last year, the steepest rise was recorded in the following specialized construction activities: demolition and site preparation, building completion and finishing (plastering, floor and wall covering, painting and glazing, etc.) (57 percent and 20.8 percent, respectively), as well as in electrical, plumbing and other construction installation activities (18.2 percent).

    CSB representatives noted that the construction of civil engineering works declined due to a 60 percent slump in construction of other civil engineering projects n.e.c. (water projects and other civil engineering n.e.c.).

    Compared to the fourth quarter of 2018, Latvia’s seasonally-adjusted construction output rose 1.8 percent in the first quarter of this year at constant prices, as construction of buildings was up 6.8 percent and civil engineering increased 0.3 percent, while specialized construction activity declined 12.6 percent.

    • Published: 13.05.2019 13:37
    • LETA
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