MPiT sees construction output growing 16.5%

Ministry of Enterprise and Technology (MPiT) analysts raised outlook for construction output growth in 2018 to 16.5 percent. A month ago they forecasted growth of 10 percent. MPiT estimates that sales of products in the construction industry will grow by 6.5 percent. According to the Central Statistical Office (GUS), building and construction output in May grew by 12.9 percent m/m versus growth consensus of 10.3 percent.