In the fourth quarter of 2015, fewer construction projects at lower total costs were approved than in the previous year. Meanwhile, the residential construction sector remains stable and public-sector customers are investing more.
The Office for Statistics announced details of construction projects approved in the fourth quarter of 2015 in its Construction Statistics publication. According to the publication, the Office of Construction and Infrastructure approved 111 projects in this time. Of them, 38 were new builds and 73 related to modifications. The total number equates to a reduction of 39 projects on the same quarter in 2014, writes the report. There were four fewer new build projects in the infrastructure, industry and services sector, while in the residential housing sector, one additional new build project was approved.
Construction volume across all sectors totalled 97,000 cubic metres, equalling an 18 per cent reduction on the previous year. Compared to projected construction costs, the approved construction projects came to a total of CHF 83.9 million CHF 4.3 million less than in the fourth quarter of 2014. Residential construction made up 86 per cent of the planned investment in construction. There was a significant increase in planned construction costs for projects for public-sector customers: they rose from CHF 2 million to CHF 7.4 million.
Office of Statistics
Mr. Harry Winkler
T +423 236 68 90
(Source: Office of Statistics)