Analytics, Construction, Latvia, Real Estate
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Friday, 19.04.2024, 12:05
Construction in Latvia decreased by 36.8% in Q3 y-o-y
Print versionCompared to the corresponding quarter of 2008, construction in Latvia in 3rd quarter of 2009 decreased by 36.8% (working day adjusted data at constant prices). Of which construction of buildings reduced by 53.3% and volume of civil engineering structures constructed – by 19.5%.
Construction and repair of motorways and streets diminished by 42.9%,of administrative buildings – by 60.3%, of residential buildings – by 73.1%, of wholesale and retail trade buildings – by 76.0% and of industrial buildings and warehouses – by 78.5%. But construction volume of health care and social care buildings grew by 45.7%, of local pipelines and cable lines – by 28.8% and construction in ports – by 24.5%.
Changes of construction production in 3rd quarter of 2009 (at constant prices)
|
|
Total (current prices, mln lats) |
3rd quarter 2009 as % over | ||
|
2nd quarter 2009 (seasonally adjusted) |
3rd quarter 2008 (working-day adjusted) | |||
|
Total |
288,1 |
-20,2 |
-36,8 | |
|
|
Of which: |
|
|
|
|
Residential buildings |
17,3 |
-21,0 |
-73,1 | |
|
Hotels and similar buildings |
1,7 |
-28,7 |
-55,5 | |
|
Office buildings |
25,3 |
-21,4 |
-60,3 | |
|
Wholesale and retail trade buildings |
5,5 |
-39,4 |
-76,0 | |
|
Production buildings and warehouses |
8,5 |
-26,9 |
-78,5 | |
|
Buildings for sports events |
6,7 |
-15,6 |
-29,6 | |
|
Schools, universities and research institutions |
14,2 |
-6,6 |
-26,6 | |
|
Health care and social care buildings |
12,5 |
29,3 |
45,7 | |
|
Motorways, streets, roads, airfields, runways, railway lines |
66,6 |
-24,4 |
-42,9 | |
|
Bridges and tunnels |
16,3 |
-44,4 |
-24,2 | |
|
Ports and dams |
9,4 |
0,8 |
24,5 | |
|
Pipelines, communication and power lines |
25,9 |
-23,4 |
2,6 | |
|
Local pipelines and cable lines |
23,7 |
26,0 |
28,8 | |
Compared to the corresponding period of previous year, in nine months of 2009 construction volume (at constant prices) decreased by 34.1%. Of which construction of buildings reduced by 48.1% and volume of civil engineering structures constructed – by 17.0%.
More information on seasonally adjusted, working-day adjusted and non-adjusted indices of construction is available in data base on Web Page of CSB.
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