Short-term Construction Indicators: Q3/2013

December 8, 2013

The press release issued on 5th December by the National Statistics Office gives a detailed breakdown in the third quarter regarding employment in construction activities. Figures show a decline of 9.0 per cent when compared to the corresponding period last year. Employment:- Employment in construction activities declined by 9.0 per cent as a result of decreases in employment in the construction of buildings, civil engineering and in specialized construction activities by 4.7, 20.0 and 10.7 per cent respectively. Hours Worked:- In the period under review, hours worked declined by 6.6 per cent over the corresponding period in 2012. The largest decline (-19.7 per cent) was registered in civil engineering. Furthermore, hours worked in the construction of buildings and in specialised construction activities declined by 3.3 and 6.4 per cent respectively. Gross Wages and Salaries:- An overall downward trend (-2.7 per cent) was observed for wages and salaries, when compared to the corresponding quarter last year. The most notable decline was registered in civil engineering (-19.7 per cent). Wages and salaries contracted by 1.9 per cent in specialised construction activities. In contrast, gross wages and salaries paid in the construction of buildings increased by 1.8 per cent over the corresponding quarter in 2012.