Continued increase in building and construction industry

Published:

The activity in the building and construction industry continued to rise in the 2nd quarter of 2017. Overall, the seasonally-adjusted figures showed 0.9 per cent growth.

The 2nd quarter of 2017 showed growth in the construction industry of 1.2 per cent. The production in the building industry increased by 0.6 per cent compared to the previous quarter, according to new figures from Production index for construction.

The total production in the 2nd quarter of 2017 was 5.3 per cent higher than the same quarter the previous year. These figures are adjusted for working days, which this quarter is affected by Easter. The increase in the building activity was 5.3 per cent, while the civil engineering industry increased by 4.0 per cent.

Figure 1. Production index, Construction. Seasonally adjusted. 2nd quarter of 2002-2nd quarter of 2017¹

Total Buildings Civil engineering works
Q2.2002 80.5 80.7 79.9
Q3.2002 80.9 82.1 78.1
Q4.2002 80.2 81.3 77.5
Q1.2003 82.2 80.9 89
Q2.2003 82 81.2 84.5
Q3.2003 82.6 82.2 85.1
Q4.2003 83.4 82.9 88
Q1.2004 83.7 82.2 91.5
Q2.2004 88.9 86.4 97.5
Q3.2004 90 89 93.8
Q4.2004 92 90.7 98.8
Q1.2005 93.2 93 94.8
Q2.2005 95.3 95 97
Q4.2005 97.2 96 101.7
Q4.2005 98.5 98.6 98.9
Q1.2006 100.3 101.1 99.9
Q2.2006 101.4 101.5 101.2
Q3.2006 101.9 100.9 104.6
Q4.2006 103.9 103.2 106.7
Q1.2007 107 106.6 112
Q2.2007 107.7 107 110.8
Q3.2007 108.4 108.5 108.6
Q2.2007 108.9 109.9 104.7
Q1.2008 109.5 108.6 114.5
Q2.2008 110.3 109.2 114.9
Q3.2008 109.4 108.7 111.9
Q4.2008 108.7 107.3 113.6
Q1.2009 100.8 100.7 102.3
Q2.2009 99.4 98.5 101.8
Q3.2009 100.7 101 100
Q4.2009 98.9 98.7 101.7
Q1.2010 97.6 97.4 97.5
Q2.2010 99.7 100.4 96.7
Q3.2010 101.3 101.5 100.1
Q4.2010 101.3 100.8 105.1
Q1.2011 100.4 100.1 100.7
Q2.2011 101.5 100.1 106
Q3.2011 102.9 100.1 111.1
Q4.2011 107.2 102.3 126.7
Q1.2012 110.5 105.9 128.2
Q2.2012 110.8 106.2 126.4
Q3.2012 110.4 104.3 130.8
Q4.2012 111.3 105.3 134.5
Q1.2013 114.4 107.8 138.6
Q2.2013 116.5 109.3 142
Q3.2013 119 113.3 139
Q4.2013 120.9 114.8 144.2
Q1.2014 120.4 113 146.9
Q2.2014 123.7 116 151.9
Q3.2014 125.1 115.9 162.4
Q4.2014 123.6 116.5 151.2
Q1.2015 122.9 114.1 154.5
Q2.2015 124.8 115.1 162.5
Q3.2015 126.3 117.2 164.1
Q4.2015 126.1 117 163.4
Q1.2016 129.5 119.4 166.9
Q2.2016 127.6 120 156.8
Q3.2016 128.8 122 155.6
Q4.2016 132.1 124.3 164.4
Q1.2017 133.3 125.7 161.2
Q2.2017 134.5 126.5 163.2
¹ The increase in the first quarter of 2003 is due to Mesta AS being added to base comutation.

The figures from 2nd quarter of 2016 were revised

This caused only minor changes in the total index, but for civil engineering works the indices were estimated to be higher for this period (2nd quarter of 2016 to 1st quarter of 2017) than previously published. Correspondingly, the estimates for the index for new buildings and the index for buildings in total were revised downwards.