Construction, new orders (discontinued), Q2 2008

The value of company reserves of new residential buildings was 34 per cent lower at the end of the second quarter 2008 than at the same time last year. Also, the value of residential building renovation reserves is in a decreasing trend, down 16 per cent compared with the same time the year before.

High level of commercial building orders

The value of company reserves of non-residential buildings projects - mostly new commercial buildings - was 10 per cent higher at the end of the second quarter 2008, compared with the same time last year. The inflow of renovation orders for non-residential buildings are still high, and the value of the contractors reserves of renovation projects has increased by 10 per cent compared with the same time in 2007.

Stable inflow of civil engineering orders

The value of order reserves of civil engineering works decreased by 6 per cent during the second quarter of 2008 and is now 5 per cent lower than at the same time in 2007.

The value of order reserves for the entire construction industry decreased by 5 per cent in the second quarter of 2008, and is now 7 per cent lower than at the end of the second quarter in 2007.

Tables:

• Table 1 New orders received. Value index, by project groups. 2000=100
• Table 2 Stock of orders, by project groups. Value index. 2000=100
• Table 3 Stock of orders. Value index, by project groups and district. 2000=100
• Table 4 New orders received. Value index, trend. 2000=100