Sharp drop in permits for dwellings
Permits for new dwellings declined by 19.4 per cent in the second quarter of this year when compared to the first quarter, the NSO said today.
It said this came about as a result of a decrease of 11.5 and 11.1 per cent respectively in permits for one-dwelling residential buildings and apartment blocks respectively.
The NSO said that year-on-year data showed that employment in construction activities went up by 0.6 per cent.
Employment in construction and in civil engineering increased by 2.8 and 9.4 per cent respectively. This was partially mitigated by a decline of 3.1 per cent in specialised construction activities.
During the period under review, wages and salaries advanced by 5.9 per cent. Specialised construction activities and civil engineering were the main catalysts of growth. This increase was partially offset by a 1.3 per cent drop in wages and salaries paid in respect of the construction of buildings.
However, when comparing the second quarter to the previous quarter, employment, hours worked and wages increased by 1.2, 3.3 and 3.0 per cent respectively.