Real Estate, Renting & Business Activities (RERBA) slows down
RERBA posted a 4.4 percent growth in the fourth quarter of 2018, slower than the 6.6 percent growth recorded in the previous year. The growth was driven by Renting and Other Business Activities which grew by 5.0 percent as compared with the 8.0 percent growth in the same period of the previous year. Real Estate also slowed down to 4.5 percent as compared with the 8.1 percent growth in the previous year.
Meanwhile, Ownership of Dwellings accelerated to 3.5 percent from 3.1 percent growth in the fourth quarter of 2017.
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