INS: Volume of construction work increases as gross series by 28.8 percent in March 2013

The volume of construction work increased as a gross series by 28.8 percent in March 2013 from February and as an adjusted series, depending on the number of working days and seasonality, it grew by 2.7 percent, informed the National Institute of Statistics (INS) in a release it senton Monday.

 The increase was due to the new construction work (34.1 percent), to capital repairs (23.5 percent) and to maintenance and current repairs (18.4 percent).

By types of constructions, there were increases in nonresidential buildings (43.4 percent) and in engineering constructions (29.5 percent). Residential buildings saw a 0.5 percent drop.

From the corresponding month of 2012 the volume of the construction work grew as a gross series by 1 percent and as an adjusted series, depending on the number of working days and seasonality, it grew by 0.5 percent.

In the first quarter 2013, from the first quarter 2012, the volume of construction work went down both as a gross series and as an adjusted series, depending on the number of working days and seasonality, by 4.1 percent and 5.1 percent respectively.

By structural elements there were the following drops: capital repairs and the maintenance and current repairs by 4 percent and 3.1 percent respectively. The new construction work grew by 5.8 percent. By types of constructions the volume of the construction work increased by 8.6 percent and 3.7 percent with engineering constructions and nonresidential buildings respectively. Residential buildings saw a 17.9 percent drop.

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