Pandemic impact felt in construction, too, as projects fall in number
The number and value of construction projects in the first quarter of 2020 shrank by over one-fifth as the tail-end of March put a stop to construction works in Luzon and most parts of the country placed under COVID-19 lockdown.
The Philippine Statistics Authority’s (PSA) latest construction statistics based on building permits approved from January to March showed that the number of construction projects fell 22.4 percent to 30,838 from 39,762 in 2019.