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Tender prices outstrip inflation

Tender prices increased faster than inflation in the second quarter of 2005, the latest figures published today by price information service the BCIS showed.
New output growth is expected to be below the forecast for 2005, with new output in the first half of the year down 2.2 per cent against the same period in 2004. In 2006 new output in expected to fair slightly better before a big rise above trend as Olympics work come on stream in 2007.

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