Building permit approvals fall ahead of rate easing - BusinessWorld Online

bworldonline.com

Factuality

Ownership

Building permit approvals fall ahead of rate easing - BusinessWorld Online

APPROVED building permits declined 10.8% in December, a turnaround from the 1% growth posted a year earlier, the Philippine Statistics Authority (PSA) reported. The PSA, citing preliminary data, said building projects covered by the permits numbered 10,809 in December, down from 12,116 a year earlier. The November growth rate had been 9.3%. Building projects in December covered a floor area of 2.63 million square meters, down 20.7% from a year e…