PH construction sector seen growing 10.9% in 2015 – BMI

Strong growth in the Philippines’ construction sector should continue until the yearend, supported by a robust private sector and stable monetary policy, according to a report published by BMI Research, think tank of the Fitch Group.

Despite the sector’s slower growth pace of 4.5 percent year-on-year in the first quarter, BMI said it is keeping its full-year growth forecast of 10.9 percent for the sector given the brisk private sector construction activity particularly in residential projects.