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6:54 GMT
28
Aug 2008

Estonia’s Construction Production Declines In Q2

(RTTNews) - The total production of Estonian construction enterprises in Estonia and in foreign countries decreased 6% year-on-year in the second quarter, the Statistics Estonia reported Thursday. The statistical office said the decline in construction production that had started at the beginning of the present year continued in the second quarter as well.

The production value of construction enterprises amounted to 9.7 billion kroons in the second quarter, of which the value of building construction was 6.4 billion kroons and the production of civil engineering totaled 3.3 billion kroons.

On an annual basis, the volume of building construction decreased 12% due to decrease in volumes in dwelling construction on domestic construction market. At the same time, the volume of civil engineering increased 10%.

In contrast to the decline seen in the domestic construction market, the construction volume in foreign countries increased about 2% year-on-year in the second quarter.

In the second quarter, building permits were granted for the construction of 2,143 dwellings and the number of completed non-residential buildings was 249 with the useful floor area of 268,000 square metres.

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