Construction production slightly decreases in the 1st quarter of 2015

13.05.2015

The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that in the 1st quarter of 2015 as compared to the corresponding period of 2014 construction production volume according to calendar adjusted data at constant prices decreased by 0.1%. Construction production volume at current prices accounted for EUR 252.5 mln.

Construction of buildings rose by 6.0%; of which construction of residential buildings - by 7.2%, and construction of industrial production buildings and warehouses - by 19.5%. Also the number of newly constructed apartments decreased - in the 1st quarter of 2015, 326 apartments were commissioned, which is 37% less than in the 1st quarter of 2014. 

Construction Production Volume Index
(2010=100)

Data source: Central Statistical Bureau of Latvia

Construction of civil engineering structures decreased by 2.5%, of which construction of harbours, waterways, dams and other water works - by 38.5%, construction of main pipelines, communication and power lines - by 21.2%, and construction of local pipelines and cables - by 18.1%. In turn, growth was recorded in construction of highways, streets, roads, airfield runways, railways - of 26.7%, and in construction of other civil engineering structures – of 29.6%.

Construction volume and changes

 

Total (at current prices, mln EUR)

1st quarter of 2015 compared to

4th quarter of 2014, 

% (seasonally adjusted data at constant prices)

1st quarter of 2014, %

(calendar adjusted data at constant prices)

Total

252.5

3.6

-0.1

of which:

 

 

 

Residential buildings

45.9

16.2

7.2

Hotels and similar buildings

6.8

-10.4

-20.0

Office buildings

16.4

-9.5

-14.9

Wholesale and retail trade buildings

7.4

17.2

-28.8

Industrial buildings and warehouses

22.2

3.1

19.5

School, university and research buildings

15.9

-20.0

8.4

Hospital or institutional care buildings

6.1

2.2

-31.6

Highways, streets, roads, airfield runways, railways

19.2

0.7

26.5

Bridges and tunnels

4.1

-12.2

-20.1

Harbours and dams

9.0

38.1

-38.5

Main pipelines, communication and electricity lines

15.1

14.3

-21.2

Local pipelines and cables

10.7

-13.0

-18.1

During the 1st quarter of 2015, 340 building permits1 were granted for construction, capital repairs, reconstruction and restoration of single dwelling buildings with the total floor space of 68.2 thsd m². Compared to the 1st quarter of 2014 it is 35 building permits fewer, and the intended total floor space has decreased by 17.1%.

The number of granted building permits for construction of industrial buildings and warehouses has decreased by 46.6%, and in the 1st quarter of 2015, 70 building permits were granted for the the total floor space of 85.4 thsd m2.

In the 1st quarter of 2015, 219 building permits were granted for construction of new buildings with the total floor space of 46.5 thsd m2, which is 20 building permits and 13.4% of the intended floor space less than in the 1st quarter of 2014.

The number of granted building permits for construction of new industrial buildings and warehouses decreased by 62.1%, and 36 building permits were granted for the total floor space of 42.5 thsd m2.

The number of building permits granted gives an idea of the workload of the construction sector in the near future.

 

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 means a record in the construction permit confirming that preconditions for commencement of construction works have been met.

 

More information:
Industrial and Construction Statistics Section
Līga Pranča
Tel. +371 67366953