Construction Sector sees a huge drop
The Bureau of Statistics quarterly construction survey shows that the total estimated work put in place in the second quarter stands at $51.6 million which is a 22.4% decrease from the previous quarter.
Of the total estimated value, $47.8 million was for work done in the private sector while $3.8 million accounted for construction in the public sector.
Work in place for new building and capital repairs also marked a decrease of $15.8 million during the same period and stood at $36.2 million.
The figures show that off the total amount for New Buildings and capital repairs were for non-residential buildings, with hotels, shopping and educational institutions contributing significantly towards this.
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