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Posted by portugalpress on June 07, 2017

Portugal’s construction sector grew 8.5% in the first quarter of this year compared to the same period in 2016 – signifying the largest increase in the last incredibly challenging 15 years.

The data - revealed by national statistics institute (INE) - shows that over 23,000 jobs were created in the first three months of 2017 – again, the kind of news construction bosses needed after investment in the sector hit a 30-year low (click here).

Said president of the country’s construction and real estate confederation (CPCI), the recovery is due almost entirely to Portugal’s newfound ability to attract private and foreign investment.

To keep the trend going, Reis Campos believes the country needs more public investment - still at “historically low levels” - while continuing to promote private investment.

michael.bruxo@algarveresident.com

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