Thursday, October 22, 2009

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BOGOTA -(Dow Jones)- Colombian authorities in August approved permits for construction on 1.8% fewer square meters than in the same month of 2008 as the area covered by non-housing permits fell, according to government figures released Tuesday.
Permits covering 1.24 million square meters were issued in August, the National Statistics Department, or DANE, said. The area covered for non-housing purposes decreased 21% to 310,000 square meters.
Construction licenses issued in the 12 months through August covered 14.15 million square meters, 23% less than in the 12-month period through August 2008.
In the first eight months of the year, construction licenses declined 25% to 8.50 million square meters from the same period in 2008.
-By Inti Landauro, Dow Jones Newswires; 57-1-610 70 44 Ext. 1131; colombia@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=JTWHI1YqCLssKIlIyDNCUQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
October 20, 2009 20:06 ET (00:06 GMT)



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