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Construction volume in Latvia increased by 5.6% in Q3

Arvīds Uibo, Statistics Latvia, 15.11.2013.Print version
Latest data compiled by the Central Statistical Bureau of Latvia show that, in the 3rd quarter of 2013, construction volume (at current prices) comprised LVL 400.3 million (EUR 569.6 million).

Construction volume index (2010 = 100)
Data source: Central Statistical Bureau of Latvia

 

Compared to the 2nd quarter, construction volume in the 3rd quarter of this year has increased by 5.6%, according to seasonally adjusted data at constant prices. Of which construction of buildings has dropped by 2.2%, while construction of civil engineering structures has grown by 7.5%.

 

Compared to the 3rd quarter of 2012, construction volume in the 3rd quarter of 2013 has increased by 11.6%, according to calendar adjusted data at constant prices. Construction of buildings has reduced by 2.5%, of which construction of hospital or institutional care buildings – by 50.9%, of educational buildings – by 13.4%, and of industrial buildings and warehouses – by 7.4%. Total decrease in the construction of buildings was not compensated even by the rise in construction of residential buildings and office buildings, of 82.5% and 78.6%, respectively. As compared to the 3rd quarter of the previous year, construction of civil engineering structures has grown by 20.6%; this rise was mainly influenced by the notable increase in construction of bridges and tunnels (of 99.1%) as well as in construction of harbours (2.3 times).

 

In comparison with the nine months of 2012, construction volume in nine months of 2013 (according to calendar adjusted data at constant prices) has grown by 8.5%, of which construction of buildings has increased by 4.9% and construction of civil engineering structures – by 11.3%.


Construction volume and changes thereof

 

Total (at current prices)

Nine months of 2013, compared to nine months of 2012, % (constant prices, calendar adjusted)

3rd quarter of 2013, compared to

 

Nine months of 2013

3rd quarter of 2013

2nd quarter of 2013, % (at constant prices, seasonally adjusted)

3rd quarter of 2012, % (at constant prices, calendar adjusted)

mln LVL

mln EUR*

mln LVL

mln EUR*

Total

800.7

1139.3

400.3

569.6

8.5

5.6

11.6

  of which:

 

 

 

 

 

 

 

Residential buildings

88.9

126.5

44.3

63.0

71.7

17.0

82.5

Office buildings

40.1

57.1

15.6

22.2

71.4

-16.9

78.6

Wholesale and retail trade buildings

16.0

22.8

4.8

6.8

13.2

-30.7

1.9

Industrial buildings and warehouses

43.3

61.6

17.5

24.9

-9.7

0.8

-7.4

School, university and research buildings

37.4

53.2

18.3

26.1

-0.5

-2.7

-13.4

Hospital or institutional care buildings

15.8

22.4

5.0

7.1

-33.5

-28.7

-50.9

Highways, streets, roads, airfield runways, railways

192.4

273.8

122.4

174.1

-2.9

6.7

3.8

Bridges and tunnels

24.2

34.4

11.7

16.6

21.6

31.1

99.4

Harbours and dams

52.7

75.0

25.8

36.8

123.2

6.4

132.2

Mainpipelines, communication and electricity lines

63.3

90.0

30.5

43.5

78.0

-6.3

52.4

Local pipelines and cables

35.4

50.4

15.1

21.4

-37.9

-4.8

-37.7

* Data were recalculated into euro basing on the fixed exchange rate 1 EUR = LVL 0.702804.

 

During the 3rd quarter, 677 building permits were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with total floor space 140.4 thousand m2. Compared to the corresponding period of the previous year, the number comprises 125 building permits more, and intended total floor space has widened by 16.9%. 478 building permits were issued for the constriction of new single dwelling buildings with total floor space 103.5 thousand m2 – 35.4% of total floor space and 145 permits more. 

 

Whereas 142 building permits were granted for the construction of industrial buildings and warehouses with total floor space 206.3 thousand m2. In comparison with the 3rd quarter of 2012, 33 building permits more were issued, while for 6.5% total floor space less. As compared to the 3rd quarter of 2012, 77 permits were granted for the construction of new industrial buildings and warehouses with total floor space 148.8 thousand m– 19 permits more and 2.7 times wider intended floor space. 

 

More information on construction volume indices and building permits is available in the CSB database.






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