Housing crisis? INE asserts that “building construction” is falling by 40% year-on-year
The Corner According to the National Statistics Institute (INE), construction output, adjusting for seasonal and calendar effects, fell in Spain by 0.3% in July compared to June. In June, this variable had dropped by 0.7%. Of the three divisions analyzed, only building construction posted a negative monthly rate (-1.4%). On the other hand, specialized construction activities recorded the largest…
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