Construction output in May fell by 2%

In May 2020, Ukrainian companies reduced the construction output by 2% against May last year, but increased it by 8.3% against April, according to the State Statistics Service.

In January–May, the construction output in monetary terms amounted to ₴50 billion, 7.1% down from the same period of 2019.

According to unadjusted data, the residential construction output dropped by 28.3%, non-residential construction output by 5%. At the same time, the engineering construction output grew by 8.2%.

The share of new construction in the total construction output was 43.1%, repair 29.3%, reconstruction and technical re-equipment 27.6%.

In January–May 2020, a growth in the construction output against the same period of 2019 was recorded in:

• Chernihiv oblast — ₴671.1 million (+36.4%);
• Rivne oblast — ₴682.2 million (+2.7%);
• Lviv oblast — ₴3.37 billion (+4.1%);
• Kyiv oblast — ₴3.34 billion (+16.9%);
• Donetsk oblast — ₴1.69 billion (+4.2%);
• Luhansk oblast — ₴140.8 million (+1.8%);
• Odesa oblast — ₴4.32 billion (+1.3%);
• Poltava oblast — ₴2.63 billion (+0.2%).

Other oblasts reported a decline in the construction output. In Kyiv, it fell by 6.5% to ₴11.9 billion.

As reported earlier, in 2019, Ukraine’s construction products index increased by 20% against 2018. The highest trends in the segment were recorded in non-residential and engineering construction, an increase of 27.4% and 23.3% respectively. The residential construction index was up by just 3%.