Strong start to 2017 for construction industry

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The turnover in the construction industry was NOK 61.8 billion in the 1st period of 2017. This corresponds to a growth of 10.4 per cent compared to the 1st period in 2016. 

The strong growth in the 1st period of 2017 is associated with increased turnover] among the local kind-of-activity units in the industry of construction of buildings. This industry experienced an increase of 11.2 per cent from the same period in 2016. By comparison, the increase in the industry was 3.8 per cent from the 1st period of 2015 to the 1st period of 2016. Strong growth can also be observed in specialised construction activities. This industry experienced a growth of 10.0 per cent from the 1st period of 2016, compared to 1.7 per cent from the 1st period of 2015 to 2016.

The growth in civil engineering was 9.0 per cent in the 1st period of 2017, compared with the same period last year.

Figure 1. Construction turnover, bimonthly

1st period 2nd period 3rd period 4th period 5th period 6th period
2015 54.1 64.8 72.7 59.6 78.9 83.6
2016 56 66.5 77.7 64 83.4 90.5
2017 61.8

The construction industry in Rogaland has been characterised by a sustained decline in turnover. The 1st period of 2017 was however the 2nd consecutive period in which an increase in turnover was observed compared to the corresponding period the year before.

Figure 2. Change in turnoven in Rogaland, percentage change

1st period 2014 2nd period 3rd period 4th period 5th period 6th period 1st period 2015 2nd period 3rd period 4th period 5th period 6th period 1st period 2016 2nd period 3rd period 4th period 5th period 6th period 1st period 2017
Percentage change 9.1 10.7 13.3 7.6 11.9 2.9 1.6 1.3 -3.6 -4.2 -9.9 -4.8 -10.3 -12.3 -6.8 -6.8 -7.7 2.7 10.2

Changed data basis

From the 1st period of 2017, the underlying data is changed through The Norwegian Tax Administration's new VAT return.