Released on April 16, 2014
Non-residential construction totalled $466.1 million in the first quarter of 2014, the highest on record for the quarter since the reporting began in 1997.Non-residential construction was up 4.9 per cent in the first three months of 2014, compared with the last three months of 2013. Saskatchewan had the second highest percentage increase among the provinces. Nationally, non-residential construction dropped 0.6 per cent over this same period.
“The growth in this area of the construction sector is vital to our economy,” Economy Minister Bill Boyd said. “Non-residential construction typically refers to larger projects of an industrial, commercial or institutional nature. We are fortunate to have many of those projects taking place in communities across the province. Those projects attract skilled workers to the province, and create employment and business opportunities to support economic growth.”
Industrial projects were up 35.2 per cent in the first quarter of 2014 over the first quarter of 2013. Institutional projects were up 9.8 per cent over this period.
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca