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Infrastructure orders declined last quarter but show recovery against a year ago

The volume of new orders for infrastructure work fell 13.6% in the first quarter of 2012 compared with the previous quarter, but rose 59.5% compared with the first quarter of 2011, according to official government statistics released last week.

The total volume of all new construction orders in the first quarter of 2012 grew 4.6% compared with the previous quarter, but dropped 3.6% against quarter one in 2011.

Large increases were seen quarter-on-quarter in private industrial new work and private commercial new work, which grew by 57.9% and 27.8% respectively.

 

 

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