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More, but lower value construction contracts

The volume of construction industry grew by 7.9% in January 2005 compared to the data of January last year, the Central Statistics Office (KSH) reported. The volume of construction industry was 4.3% higher in January than the month before. The construction of structurally ready buildings, as the largest construction subcategory, grew by 8.7%. The volume of finished constructions declined, it was almost 40% less than a year earlier. 41.6% less contracts were signed in January than a year before. In January 47.1% more contracts were signed to construct buildings, but the volume of new high-value contracts was 70% less than in January 2004.