The construction output in Ukraine increased by 20.5% over 9 months

The pace of construction, especially of commercial facilities, rocketed in Ukraine compared to 2018–2017

According to the State Statistics Service, Ukraine’s construction output increased by 20.5%, up to ₴113.9 billion, over 9 months of 2019 compared to the same period of 2018.

For comparison, the sector grew by just 8.2% in January — September 2018 compared to the same period of 2017.

Construction of non-residential buildings in that period grew by only 3.2%, compared to almost 32%, or up ₴30.9 billion, in 2019 against 2018. Engineering construction output rose by 24%, up to ₴59.7 billion.

However, a comparison of September to August 2019 shows a minor decrease of 2.1% in the total construction output. The housing construction demonstrated a slight increase of 2%, up to ₴23.2 billion.

As reported earlier, the construction output increased by 20.8%, up to ₴97 billion, in January — August 2019 compared to the same period of the previous year.

Construction is the main driver of domestic consumption of steel products. According to GMK Center, 68% of rolled steel in the domestic market is used in the construction sector.

Earlier, GMK Center reported that the cost of construction and installation works in Ukraine in January — August 2019 increased by 9%, of which a 13.9% increase in the construction of transport facilities was the largest in the sector.