• Version
• Download 2
• File Size 146.67 KB
• File Count 1
• Create Date March 31, 2025
• Last Updated March 31, 2025

Quarterly Financial Statistics Construction December 2024

While information related to gross fixed capital formation estimates for the third quarter of 2024 on construction investment has already been released with the release of the GDP estimates, the quarterly financial statistics released for September 2024 includes more detailed financial information on various sectors in the economy, including the construction sector, that are important indicators for the sector.  It also provides a breakdown between large, medium and smaller players in the sector. The dataset includes 13 years historical data (from March 2010 - December 2024).  This dataset also provides a clearer view on actual turnover in the construction industry, as it excludes the contribution of imported machinery and equipment that is included in the gross fixed capital formation estimates. 

 

Contradicting GFCF estimates for the 4th quarter of 2024, construction turnover recorded a stellar performance in the last quarter of 2024, with robust growth within the larger and medium size enterprises, while challenges remain within smaller contracting enterprises. This does not mean that margins have improved, given the high levels of competition that persists in the industy. Margins for the larger enterprises averaged below 2 percent, with an average loss reported by medium size companies. Although smaller enterprises are reporting lower turnover levels, margins remain healthy.

For more details please contact Industry Insight, or refer to the accompanying dashboard (available to subscribers only).

Attached Files