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Monday 18.12.2017 | Name days: Klinta, Kristaps, Kristofers, Krists
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Construction output shrinks 15%

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUConstruction output (at current prices) amounted to 91.5 million lats in the first quarter of 2011, according to the Central Statistical Bureau. Moreover, unfavourable weather conditions had a considerable impact on construction, especially, building of civil engineering structures (roads, bridges, etc.).

Construction in the first quarter of 2011 has shrunk 15.0%, if comparing to the fourth quarter of 2010, according to seasonally adjusted data at constant prices. Of which the volume of buildings constructed is down 13.0%, while the volume of civil engineering structures – 19.4%.

Construction output in the first quarter of 2011 has dropped 15.1%, if compared to the first quarter of 2010, according to calendar adjusted data at constant prices. Of which construction of buildings was down 15.5% and volume of civil engineering structures constructed – 14.7%.

If compared to the corresponding period of previous year, the most considerable drop in construction and repair work was recorded in the construction of office buildings, as well as wholesale and retail buildings – 73.5% and 57.2%, respectively. Whereas growing construction output was registered in the construction of residential buildings and hospital or institutional care buildings – 82.1% and 35.3%, correspondingly.

In the 1st quarter of 2011 construction management authorities granted 279 building permits for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with total floor space 64.0 thousand m2 (in 1st quarter of 2010 – 259 and 55.7 thousand m2).107 building permits were granted for the construction of production buildings and warehouses with total floor space 246.4 thousand m2 (in 1st quarter of 2010 – 40 permits and 89.4 thousand m2, respectively), the Central Statistical Bureau informs, adding that 161 building permit in the 1st quarter of 2011 was granted for the construction of new single dwelling houses with total floor space 39.0 thousand m2 (in 1st quarter of 2010 – 167 and 38.7 thousand m2, respectively) and 71 building permit was issued for the new construction of industrial buildings and warehouses with total floor space 184.7 thousand m2 (in 1st quarter of 2010 – 23 and 62.3 thousand m2, respectively).


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