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KSH: Construction sector output volume up 9.8%

Construction

The Central Statistics Office (KSH) reports a continuing increase in construction output, up in June year-on-year by 9.8 %. However there is a significant slow down from the previous month’s year-on-year 28.3% increase, the Office says in its report published today.

Despite this slowing trend the output of the sector rose for the seventeenth month in a row. The workday-adjusted figure was the same as the unadjusted one.

According to month-on-month comparison, output was actually down by 7.5% from May to June, following May’s increase of 1.8% to April.

The output of both main groups of construction rose in June. The construction of buildings grew by 2.4% year-on-year after growing by 17.6% in May.

The construction of civil engineering works showed a growth of 18 % year-on-year, boosted by railway and road construction works and by public utility works.

Based on seasonally adjusted indices, the construction of buildings decreased month-on-month by 8.4 % - as opposed to a monthly rise of 7 % in May - and that of civil engineering works lowered by 1.4%.

In the first half of the year, output for the whole construction was up 22.8 % year-on-year ; building construction output rose by 13.3% and civil engineering output increased by 34.2%.

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