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Construction Sector Expands 5.4 Percent in 2nd Quarter

Iran’s overall GDP expanded 0.2% in Q2 (June 21-Sept. 21) while it shrank 0.2% by excluding the oil sector
Construction Sector Expands 5.4 Percent in 2nd Quarter
Construction Sector Expands 5.4 Percent in 2nd Quarter

The gross domestic product of Iran’s construction sector, which is the sub-sector of “industries and mining, sans oil” group, witnessed a 5.4% expansion in the second quarter of the current year (June 21-Sept. 21) compared with the corresponding period of last year, the Statistical Center of Iran’s latest report shows. 
SCI’s previous reading of Iran’s economic growth showed the GDP of construction sector contracted by 2% in Q1 (March 20-June 20). 
The sector’s economic growth stood at 2% during the first half of the current fiscal year (March 20-Sept. 21). 
The “real estate, rent and services to businesses” sub-sector of services stood at 0.9% in Q2, -6.5% in Q1 and -2.8% in H1. 

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