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Construction output for the first quarter of 2013
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     The total gross value of construction works performed by main contractors in the first quarter of 2013 increased by 14.4% in nominal terms over a year earlier to $43.2 billion, according to the provisional results of the Quarterly Survey of Construction Output released today (June 13) by the Census and Statistics Department (C&SD).

     After discounting the effect of price changes, the total gross value of construction works performed by main contractors increased by 7.5% in real terms over the same period.

     Gross value of construction works in real terms is derived by deflating the corresponding nominal value with an appropriate price index to the price level in the base period of 2000.

     Analysed by type of construction works, the gross value of construction works performed at private sector sites totalled $11.6 billion in the first quarter of 2013, up by 3.4% in nominal terms over a year earlier. In real terms, it decreased by 3.3%.

     The gross value of construction works performed at public sector sites increased by 24.0% in nominal terms over a year earlier to $16.3 billion in the first quarter of 2013. In real terms, it increased by 26.2%.

     The gross value of construction works performed by main contractors at locations other than construction sites amounted to $15.2 billion in the first quarter of 2013, up by 14.2% in nominal terms over a year earlier. In real terms, it decreased by 1.2%. Construction works at locations other than construction sites included minor new construction activities and decoration, repair and maintenance for buildings; and electrical equipment installation and maintenance works at locations other than construction sites.

     Analysed by end-use group, transport projects accounted for the largest share in the total gross value of construction works performed at construction sites in the first quarter of 2013. The gross value of construction works performed in respect of these projects amounted to $10.5 billion, up by 55.7% in nominal terms over a year earlier.

     Residential building projects constituted the second largest group of construction site works. The gross value of construction works performed in respect of these projects totalled $9.3 billion, up by 8.8% in nominal terms over a year earlier.

     On a seasonally adjusted quarter-to-quarter basis, the total gross value of construction works performed by main contractors decreased by 5.9% in nominal terms and 5.2% in real terms in the first quarter of 2013 compared with the fourth quarter of 2012.

     Table 1 shows the gross value of construction works performed by main contractors in the first quarter of 2013. Tables 2 and 3 show the revised figures for the whole year of 2012 and the fourth quarter of 2012 respectively.

     Owing to the widespread sub-contracting practices in the construction industry, a construction establishment can be a main contractor for one contract and a sub-contractor for another contract at the same time. The gross value of construction works performed by main contractors covers only those projects in which the construction establishment takes the role of a main contractor, but not projects in which it takes only the role of a sub-contractor. However, sub-contractors' contribution to projects should have been included in the gross value of construction works performed by main contractors for whom they worked.

     The classification of construction establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.

     More detailed statistics are given in the "Report on the Quarterly Survey of Construction Output, 1st Quarter 2013". Users can download this publication free of charge at the website of the C&SD (www.censtatd.gov.hk/hkstat/sub/sp330.jsp?productCode=B1090002).

     For enquiries about the survey results, please contact the Construction and Miscellaneous Services Statistics Section of the C&SD (Telephone: 2805 6426 or email: building@censtatd.gov.hk).

Ends/Thursday, June 13, 2013
Issued at HKT 16:30

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