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June 01, 2018NON-RESIDENTIAL CONSTRUCTION INVESTMENT Q1 2018 [REVISED] Statistics Canada has revised non-residential investment data for 2017 and Q1 2018. Nova Scotia's non-residential building construction in 2017 was revised up 0.3 per cent or $2.0 million compared to the previous level; all provinces had similar upward revisions for 2017. For 2018 Q1, Nova Scotia's non-residential building construction investment was revised lower by $0.5 million to $167.8 million. The following article has been updated to reflected the revised data.
Nova Scotia's non-residential building construction investment (seasonally adjusted) was $167.8 million in the first quarter of 2018. This was 5.6 per cent higher than the previous quarter owing to an increase, in the largest component, commercial (+12.9%) and declines in industrial (-2.9%) and institutional and governmental (-10.9%).
Compared to the same quarter last year (Q1 2017), non-residential building construction increased 18.0 per cent. Activity was higher in all three subsectors with increases in industrial (+2.6%), commercial (+21.3%), and institutional and government (+22.2%).
Halifax non-residential building construction was up 5.9 per cent compared to the previous quarter due to growth in commercial offsetting lower industrial and institutional and governmental building construction. Outside of Halifax, non-residential building construction increased 5.1 per cent in the quarter mostly due to the increase in commercial buildings.
In Q1 2018 compared to Q1 2017, non-residential building construction is up 18.0 per cent or $25.6 million in Nova Scotia. The increase in accounted for with gains in commercial (+$20.0 million), institutional and government (+$4.9 million) and industrial (+$0.7 million) across the sectors and by a increase in Halifax (+$33.7 million) and decline outside of Halifax (-$8.2 million).
In Canada, non-residential building construction increased in the first quarter of 2018 (+2.7%), the fourth consecutive quarterly gain. Growth was up in all three components and in nine provinces. Ontario reported the largest dollar increase followed by British Columbia and Quebec.
Compared to the fourth quarter of 2017, Canadian non-residential building construction was up 8.7 per cent. Six provinces have higher non-residential construction activity compared to Q1 2017 while lower activity was reported in Prince Edward Island and the Prairie provinces.
Statistics Canada CANSIM 026-0016
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