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Construction industry grows by 28%

According to latest figures of the Central Statistics Office (KSH) production of the construction industry grew by 28.4% in February, that is calendar-balanced 28.6%, compared to February 2004. Production increased by 17.6% in the January-February period compared to the first two months of 2004. Production in February this year was 7.1% higher than in January this year considering seasonal and calendar influence. Construction industry output grew most signifcantly at companies employing more than 250 or less than 10 people. Construction industry prices were 0.3% lower in February than a month before.