Real Estate, Renting & Business Activities (RERBA) slows down
RERBA posted a
6.6 percent growth in the fourth quarter of 2017, slower than the 9.1 percent growth recorded in the previous year. The growth was driven by Renting and other Business Activities which grew by 8.3 percent as compared with the 14.4 percent growth in the same period of the previous year.
Ownership of Dwelling grew faster to
3.2 percent from 2.9 percent growth in the fourth quarter of 2016. Meanwhile, Real Estate maintained its previous year’s growth of 7.5 percent.