KSH said that output rose by 2.3% in the division of construction of buildings and increased by 15.8% in the construction of civil engineering works. Output rose by 16.9% in the division of specialized construction works, accounting for more than 40% of construction output.
The office noted that the volume of new contracts was 34.6% lower. The volume of new contracts decreased by 40.2% in the construction of buildings and fell by 29.9% in the construction of civil engineering works compared to March 2014.
At the end of March 2015, due to a fall in new contracts in the past months, the volume of stock of contracts was 31.1% lower than a year earlier, KSH said. Within this, the volume of the stock of contracts decreased by 12.5% for the construction of buildings and fell by 34.4% for the construction of civil engineering works.
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