8% shrink in constrcution sector this quarter

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BANGKOK, Pivately-run construction projects for residential and commercial buildings in this quarter have contracted by eight per cent from the previous quarter, according to a survey conducted by the National Statistical Office of Thailand.

Director-General of the National Statistical Office Wibunthat Suthanthanakit said the survey indicated that most of the construction projects in the first quarter of 2015 were for residential purposes, followed by those for commercial purposes like offices and industrial factories.

The data collected includes newly-built buildings, as well as those undergoing alterations and additions. It will be used by the government to analyze the real estate situation and trends in Thailand for the policy making purpose. The private sector also uses the data to determine housing indicators for investment and expansion plans in the industry.