All sub-indicators of LVI, namely Residential, Commercial and Industrial LVIs contributed to the overall increase with annual increases of 17.2%, 15.1% and 13.5%, respectively. On a semi-annual basis, LVI increased by 4.9% during the first half of 2023, compared to the second half of 2022.

The highest contribution to this increase was from Residential LVI followed by Commercial and Industrial LVIs.

However, a deceleration of the semi-annual growth of LVI could be observed during the first half of 2023.

Provided by SyndiGate Media Inc. (Syndigate.info).