Construction growth in Ukraine slowed down to 3.6% in January

This is the lowest result in the construction products industry in the past 18 months

According to the State Statistics Service, manufacture of construction products in Ukraine increased by 3.6% to ₴7.4 billion in January year-on-year.

This is the lowest construction index in the past 18 months. As reported earlier, manufacture of construction products in Ukraine in June 2018 increased by only 2.8%.

In January 2020, residential construction volumes grew by 22.4% to ₴1.97 billion compared to January 2019. Non-residential construction volumes increased by 20% to ₴2.2 billion.

Manufacture of construction products in the engineering construction segment grew by 4.4% to ₴3.2 billion.

In the first month of 2020, new construction accounted for 49.7% of the overall volume of manufactured construction products. Overhaul and minor repairs accounted for 25.3%. The share of reconstruction and technical re-equipment reached 25%.

Ukraine’s construction output increased by 20% in 2019, GMK Center reported earlier. The highest dynamics was recorded in non-residential and engineering construction, an increase of 27.4% and 23.3% respectively. Residential construction grew by only 3%.