Construction volume during the year has grown by 5.3%

15.08.2013

Latest data compiled by the Central Statistical Bureau of Latvia show that, in the 2nd quarter of 2013, construction volume (at current prices) comprised LVL 257.6 million.

Construction volume index
(2010 = 100)

Seasonally adjusted data at constant prices show that, compared to the 1st quarter of 2013, construction volume in the 2nd quarter of this year has increased by 1.9%. Of which construction of buildings has dropped by 4.6%, while construction of civil engineering structures has risen by 5.8%.

Compared to the 2nd quarter of the previous year, construction volume in the 2nd quarter of this year has gone up by 5.3%, according to calendar adjusted data at constant prices. Construction of buildings has grown by 2.3%, of which construction of residential buildings by 44.1% and construction of office buildings – 2.5 times. Due to the notable rise in the construction of main pipelines, communication and power lines (2 times) and building of harbours (2.3 times), construction of civil engineering structures, as compared to the 2nd quarter of the previous year, has increased by 7.5%.

Calendar adjusted data at constant prices indicate that, compared to the 1st half of the previous year, construction volume in the 1st half of this year has grown by 6.5%. Of which construction of buildings has increased by 6.8% and construction of civil engineering structures – by 6.3%.

Construction volume and its changes

 

Total (at current prices, mln LVL)

1st half of 2013 compared to 1st half of 2012, % (constant prices, calendar adjusted)

2nd quarter of 2013, compared to

 

1st half of 2013 

2nd quarter of 2013

1st quarter of 2013, % (at constant prices, seasonally adjusted)

2nd quarter of 2012, % (at constant prices, calendar adjusted)

Total

400.4

257.6

6.5

1.9

5.3

Of which:

 

 

 

 

 

Residential buildings

46.2

25.6

63.9

-7.3

41.2

Office buildings

24.5

17.8

67.5

74.1

148.9

Wholesale and retail trade buildings

11.2

4.8

18.9

-13.1

35.0

Industrial buildings and warehouses

25.8

13.8

-10.9

-5.2

-17.6

School, university and research buildings

19.1

9.6

17.8

-8.1

-1.4

Hospital or institutional care buildings

10.8

5.2

-20.2

-10.7

-17.4

Highways, streets, roads, airfield runways, railways

70.1

58.8

-11.0

13.3

-5.1

Harbours and dams

26.9

18.3

116.8

3.3

125.7

Mainpipelines, communication and electricity lines

32.6

20.3

114.3

-3.8

94.9

Local pipelines and cables

20.3

12.7

-37.7

-14.7

-39.7

During the 2nd quarter, 669 building permits were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with total floor space 143.6 thousand m2. Compared to the corresponding period of the previous year, the number comprises 12 building permits less, while 6.7% of the intended total floor space more.  434 building permits were issued for the constriction of new single dwelling buildings with total floor space 99.9 thousand m2 – 7.2% of total floor space more and 11 permits less. 

Whereas 124 building permits were granted for the construction of industrial buildings and warehouses with total floor space 199.1 thousand m2.  In comparison with the 2nd quarter of the previous year, 18 building permits less were issued, while 17.5% of the total floor space more. 68 permits were granted for the construction of new industrial buildings and warehouses with total floor space 81.0 thousand m2 – 9 permits and 8% of intended floor space less, as compared to the 2nd quarter of 2012. 

 

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

 

More information:
Arvīds Uibo
Investment and Real Estate Statistics Section
Tel. 67366857