Construction industry in Ukraine to plummet 16% y-o-y in 2013

In January-October 2013, an increase in construction activity was observed in only six of the twenty-seven administrative areas of Ukraine. During the period, construction output plummeted 15.1% year on year in real terms.
The contraction was mainly within the civil engineering construction segment, which tumbled 20.1% year on year. The non-residential construction segment also performed very poorly, with output falling 16.9% short of that achieved during the first ten months of 2012. Nevertheless, the residential construction segment managed to post a 8.8% year-on-year growth.

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