In the 3rd quarter of 2015 construction increased by 4.9%

13.11.2015

The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that in the 3rd quarter of 2015 as compared to the corresponding period of 2014 construction production volume according to calendar adjusted data at constant prices grew by 4.9%. Construction production volume at current prices accounted for EUR 585.7 mln.

Construction Production Volume Index

(2010=100)

Data source: Central Statistical Bureau of Latvia

In the 3rd quarter of 2015 as compared to the corresponding period of the previous year, construction of residential buildings increased by 2.3%. In the grouping of non-residential buildings growth was recorded in construction of hotels and similar buildings - of 76.4%, in construction of industrial buildings and warehouses - of 27.8%, as well as in construction of office buildings - of 10.7%. In turn, drop was observed in construction of school, university and research buildings - of 46.5%, and in construction of wholesale and retail trade buildings - of 20.3%.

According to calendar adjusted data at constant prices, construction of civil engineering structures increased by 15.3%. Of which construction of harbours, waterways, dams and other water works grew by 27.0%, construction of highways, streets, roads, airfield runways, railways - by 14.9%. In turn, construction of bridges and tunnels decreased by 46.8%, and construction of main pipelines, communications and power transmission lines declined by 6.7%.  

In the 3rd quarter of 2015 as compared to the 2nd quarter of this year construction production volume according to seasonally adjusted data at constant prices increased by 2.7%; of which construction of buildings - by 1.4% and construction of civil engineering structures – by 3.5%.

During the first nine months of 2015 as compared to the corresponding period of the previous year construction production volume, according to calendar adjusted data at constant prices increased by 1.0%. Of which construction of buildings dropped by 6.4%, while construction of civil engineering structures grew by 9.6%.

Construction volume and changes

 

Total (at current prices, mln EUR)

January - September 2015 as compared to January - September 2014, % (calendar adjusted data at constant prices)

3rd qtr of 2015,

compared to

January - September 2015 

3rd qtr of 2015

2nd quarter of 2015,% (seasonally adjusted data at constant prices)

3rd quarter of 2014,% (calendar adjusted data at constant prices)

Total

1240.5

585.7

1.0

2.7

4.9

of which:

 

 

 

 

 

Residential buildings, total

173.3

76.7

-3.1

9.4

2.3

Hotels and similar buildings

24.7

10.3

-7.5

54.4

76.4

Office buildings

62.3

27.3

-16.0

36.6

10.7

Wholesale and retail trade buildings

33.4

13.9

-13.9

-16.1

-20.3

Industrial buildings and warehouses

78.6

31.3

14.0

10.5

27.8

School, university and research buildings

75.6

28.9

-25.1

-36.5

-46.5

Hospital or institutional care buildings

29.7

10.5

-3.5

-1.3

13.8

Highways, streets, roads, airfield runways, railways

278.1

171.0

14.9

2.1

14.9

Bridges and tunnels

20.0

6.9

-28.2

-28.4

-46.8

Harbours and dams

39.2

15.9

10.0

-11.1

27.0

Main pipelines, communications and power transmission lines

63.2

28.9

-11.9

-4.8

-6.7

Local pipelines and cables

78.5

47.7

24.1

47.3

56.3

In the 3rd quarter of 2015, 638 building permits1 were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with the total floor space of 120.4 thsd m2. It is 87 permits fewer for the intended floor space smaller by 19.4 % as compared to the 3rd quarter of 2014. Of the total number of granted building permits in the 3rd quarter of this year, 432 building permits were granted for construction of new buildings with the intended floorspace of 81.6 thsd m2.

87 building permits for the total intended floorspace of 223.4 thsd m2 were issued for construction of industrial buildings and warehouses, and compared to the 3rd quarter of 2014 it is 46 building permits fewer, while the intended floorspace has increased by 25.9%.

45 building permits were granted for construction of new industrial buildings and warehouses with the intended floorspace of 68.4 thsd m2.

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

 

Since the 4th quarter of 2014 in construction statistics the term granted permits characterises the number of records entered in the construction permit confirming that conditions for commencement of construction work have been met.

 

Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
media [at] csb [dot] gov [dot] lv
Tel.: +371 67366924, +371 67366621, +371 27880666
@CSB_Latvia 
 /csplatvija

 

More information about data:
Industrial and Construction Statistics Section
Līga Pranča
liga [dot] pranca [at] csb [dot] gov [dot] lv
Tel. +371 67366953