Latvian construction sector still growing in third quarter of 2019

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The latest data compiled by the Central Statistical Bureau (CSB) and released November 11 show that, compared to the 3rd quarter of 2018, in the 3rd quarter of 2019 construction output1 increased by 5.9 % (according to calendar adjusted data at constant prices). 

An output rise was observed in all areas with construction of buildings up 11.7 %, civil engineering up 2.1 % and specialised construction activities up 2.4 %.

Compared to the corresponding quarter of the previous year, the increase in construction output in civil engineering was influenced by the upturn in construction of roads and railways (of 3 %) as well as construction of water projects and construction of other civil engineering projects not elsewhere classified (24 %), the CSB said. A construction output decline was registered in construction of utility projects (of 4.6 %).

Latvia construction 3Q 2019
Latvia construction 3Q 2019

Compared to the 2nd quarter of 2019, in the 3rd quarter of 2019 construction output reduced by 0.6%, according to seasonally adjusted data at constant prices. Construction output decline was registered in construction of buildings (of 10.4 %), whereas in civil engineering and specialised construction activities there was a rise of 2.4 % and 1.7 %, respectively.

However it should be noted that Latvia's sometimes harsh climate plays a strong role in the cycle of construction work with much more activity in the warmer months of spring and summer than in the colder days of fall and winter.

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