According to Khabaronline news agency, based on the statistics published by the Central Bank, the country’s construction sector recorded a negative growth of 14.2% in the spring of 1404, which was slightly adjusted in the summer and reached a negative of 11.8%.
Tasnim wrote: In the fall of 1404, the downward trend in the growth of the construction sector continued and the growth rate of this sector reached negative 7.4 percent.
However, in the winter of last year, the growth of the construction sector intensified again and by registering a negative figure of 15.8%, it exceeded the negative level of the spring of the same year. Meanwhile, the construction sector faced a heavy negative growth of 47.9% in the spring of this year.
The performance of the construction sector this year shows the unprecedented intensification of the recession in this sector; So that the negative growth of 47.9% this spring has a significant distance from the negative rates recorded last year.
Although the construction sector faced negative growth in all seasons of 1404, the severity of the drop in this spring indicates the deepening of the recession and a significant reduction in construction activities.
The continuation of this situation can lead to a weakening of investment in construction, a decrease in the willingness of builders to start new projects, and a drop in the supply of residential units in the coming years; An issue that, along with financing challenges and increasing construction costs, makes the prospect of housing production more ambiguous.
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