SUNBIZ

Construction Survey-March 2016

The Quarterly Construction Survey provides us with a short term indicator of the sectors performance by covering works carried out by all registered Private Building and Civil Works Contractors for
03 Sep 2016 10:53
Construction Survey-March 2016

The Quarterly Construction Survey provides us with a short term indicator of the sectors performance by covering works carried out by all registered Private Building and Civil Works Contractors for both the private and the General Government.

Key facts

Total estimated value of work put in place was $123.0 million for the March quarter of 2016.  This is an increase by 0.7 per cent or $0.9 million when compared to the December quarter of 2015 and an increase by 11.3 per cent or $12.5 million when compared to the same period last year.

From the total estimated value of $123.0 million, for work done in the March quarter of 2016:

  • 56.8 percent was in the Private Sector.
  • 43.2 percent was in the General Government.

From the total estimated value of $123.0 million, for work done in the March quarter of 2016:

  • New Building and Capital Repairs accounted for 46.7 percent;
  • Current Repairs and Maintenance accounted for 6.5 percent and
  • Civil Engineering Works accounted for 46.8 percent.

As was highlighted by the central bank in its economic review for June 2016 that vacancies in this sector was +71.9 per cent and this was due to the rehabilitation and reconstruction activity after the natural disasters that hit our country in the first quarter of 2016.  Domestic cement sales, an indicator in the construction activity grew by 8.6 per cent in the year to May while in the year to June, it grew by 10.6 per cent.

After the general elections in September 2014, our construction sector has seen a boost in activity as shown in Graph 1.  The Government is working on infrastructure and airports while local and overseas investors have announced a few multi-million dollar projects, for e.g., the Wyndham Silkroad Ark Hotel.

This is an informative publication, sponsored by The Fiji Sun, Fiji Bureau of Statistics and HFC Bank. All views expressed or implied are purely of the Treasurer at the HFC Bank, Peter Fuata.

Fijisun E-edition
Tanoa Plaza Hotel Suva
Subscribe-to-Newspaper
Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper
error: