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Construction output up 20.2 % yr/yr in April

Construction industry output rose 20.2% yr/yr in volume terms in April, the Central Statistics Office (KSH) announced. Construction output rose a seasonally and working-day adjusted 6.3% in April from March. In the first four-month construction industry output rose 14.4% yr/yr. Output was up 9.4% yr/yr in January, and a marked 25.1% yr/yr in February. The February increase was due in part to a low base. Construction industry output rose 5.3% in March from a year earlier, according to working-day adjusted figures. Construction sector output rose 6.8% in 2004, after a 2% rise in 2003.