Construction project approvals dip in May

By Janine Alexis Miguel

Aug 10, 2024 12:21 am

THE number and value of construction projects covered by approved building permits posted a decline in May, the Philippine Statistics Authority (PSA) said.

Approved construction projects totaled 12,888 during the month, a 15.4-percent drop from 15,234 projects in May last year. On month-to-month basis, it was also lower by 5.78 percent from 13,680 building permits recorded in April 2024.

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