Real Estate, Renting & Business Activities (RERBA) expands
RERBA posted a 9.0 percent growth in the fourth quarter of 2016, faster than the 7.8 percent growth recorded in the previous year. The expansion was largely due to Renting and Other Business Activities which grew by 14.6 percent as compared with the 11.5 percent growth in the same period of the previous year. Likewise, Ownership of Dwelling contributed to the growth with 2.8 percent expansion, almost the same pace compared with the previous year.
Meanwhile, Real Estate grew by 6.8 percent, slower as compared with the 8.2 percent growth in the fourth quarter of 2015.