Construction sector growth index shrinks by 2.1 percent in January www.gogo.mn
Marketinfo.mn reports that the growth index for the construction sector has shrunk by 2.1 percent since the beginning of 2018.
Industry representatives say that companies are taking out loans in order to expand their operations and they end up with a deficit because of interest owed on loans.
The director of News Remicon LLC noted that the construction sector is expected to be back on track due to prices for exported building materials rising in 2018.
Investment in construction and building repair services in Mongolia totaled 3.1 trillion MNT in 2017 based on the preliminary results of an industry analysis.
Published Date:2018-01-18