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Instituto Nacional de Estatística - Building permits declined by 2.4% and completed buildings increased by 19.6% - 4th Quarter 2017

In the 4th quarter 2017, building permits declined by 2.4% in comparison with the same period of the previous year (+7.3% in the 3rd quarter 2017), corresponding to 4.3 thousand buildings. Building permits for new constructions increased by 2.0% (+15.4% in the 3rd quarter 2017) while the number of rehabilitation permits decreased by 12.4% (-5.4% in the 3rd quarter 2017). Completed buildings recorded a 19.6% increase (+23.2% in the 3rd quarter 2017) with a total of 3.4 thousand buildings.

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Instituto Nacional de Estatística - Construction Production Index grew 3.0% - January 2018

The index of production in construction increased by 3.0% in the quarter ending in January 2018, in year-on-year terms (3 months moving average, working days and seasonally adjusted), up by 0.2% percentage points from the rate observed in December. Employment and wages and salaries indices registered year-on-year change rate respectively of 2.2% and 2.9% (2.2% and 1.6% in the previous month).

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Instituto Nacional de Estatística - Increase in construction costs decelerates to 1.4% - January 2018

The annual change rate of the Construction cost index for new housing was 1.4% in January, 0.3 percentage points (p.p.) lower than in the previous month. The price index measuring the cost of regular maintenance and repair of housing increased 1.2% in relation to the same period of the last year, 0.1 p.p. below the December 2017 change rate.

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