$148.2m in construction work recorded for June 2018 quarter

The MHCC shopping complex. Picture: FT FILE/JOVESA NAISUA

AN estimated $148.2 million was the value of total construction work put-in-place in Fiji for the June quarter of this year, data from the Fiji Bureau of Statistics reveal.

The bureau in its latest construction statistics stated that the total value of work put-in-place had increased by 1.3 per cent ($2m) when compared with the March quarter of 2018.

It also recorded an increase of 10.3 per cent when compared with the June quarter of 2017.

Majority of the construction work done in the June quarter of 2018 was recorded in the private sector, holding about 67.7 per cent of work with only 32.3 per cent in General Government.

The total value of work done attributed to the private sector was up by 3.4 per cent ($2.4m) when compared with the March quarter of 2018 and 14.8 per cent ($13m) when compared with the June quarter of last year.

In General Government, the total value of work done declined by 0.8 per cent ($0.4m) when compared with the March quarter of this year.

It however noted an increase by 1.8 per cent ($0.8m) when compared with the June quarter of 2017.

From the total estimated value of construction work done in the quarter, about 52.8 per cent accounted for new buildings and capital repairs while 8.4 per cent accounted for current repairs and maintenance.

38.8 per cent was also noted in civil engineering works.

The statistics are based on data gathered from all private building and civil works contractors engaged in work for both the private sector and the general government.

It provides us with a short term indicator of the sectors performance.

 

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