Construction activity moderated in the final quarter of 2007 for the second quarter in a row. According to seasonally adjusted data, the value of construction put in place declined by 3.2% from the previous quarter. Activity was at a high level in October, but fell by 4.0% in November and by a further 8.7% in December. After the robust growth in 2006, construction activity posted even higher growth rates in 2007. The growth in the number of employees increased further last year. In 2007 the number of people employed in the construction sector was 11.3% higher, on average, than in 2006. In terms of employee status, higher growth rates were recorded in the number of sole proprietors and their employees.
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