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Construction output up 19.6% yr/yr in July

Construction industry output rose 19.6% yr/yr in July according to working-day adjusted figures and was up 18.1% yr/yr according to unadjusted figures, the Central Statistics Office (KSH) announced. Construction output rose a seasonally- and working-day adjusted 0.1% from June. As in the previous months, the sharp yr/yr rise mainly reflected road and motorway construction which boosted output in the civil engineering branch by 32.5% yr/yr in July and by 23.8% yr/yr in the first seven months. Seven-month construction industry output rose 14.6% yr/yr. In 2004, construction output rose 5.8%.