BUILDING & ENGINEERING | Staff Reporter, Hong Kong

Construction works' total value jumped 5.1% to $40.9b

But private-sector values dipped 6.1%.

According to the Census & Statistics Department, main contractors' construction works' total gross value rose 5.1% in nominal terms in the third quarter over a year earlier to $40.9 billion.

After discounting the price changes effect, the total gross value rose 0.3% in real terms over the same period.

The gross value performed at private-sector sites totalled $11.7 billion in the third quarter, down 6.1% in nominal terms over a year earlier. In real terms, it fell 13.1%.

For public-sector sites, the value increased 11.8% in nominal terms over a year earlier to $13.6 billion in the third quarter. In real terms, it increased 10%.

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