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According to Monstat data, the value of completed construction projects in the first quarter increased by 3.4% compared to the same period last year.
However, there was an 11.2% decrease in the value of completed construction works in the first quarter compared to the fourth quarter of last year.
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“In the first quarter, the effective hours logged at construction sites increased by 0.5% compared to the same period last year,” the statement noted.
Yet, these effective hours were 1.5% lower than those recorded in the fourth quarter of last year.
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