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Thursday, May 23, 2024
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Analysis: Construction sector’s performance shows mixed results in Q1

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According to Monstat data, the value of completed construction projects in the first quarter increased by 3.4% compared to the same period last year.

However, there was an 11.2% decrease in the value of completed construction works in the first quarter compared to the fourth quarter of last year.

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“In the first quarter, the effective hours logged at construction sites increased by 0.5% compared to the same period last year,” the statement noted.

Yet, these effective hours were 1.5% lower than those recorded in the fourth quarter of last year.

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