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Construction industry forecast to grow 3.4% annually

Research shows an expected 18,000 new construction industry jobs in the next five years Credit: PA

Nearly 18,000 new constrution industry jobs are expected to be created across Wales in the next five years.

Research released today by CITB Wales highlights forecast growth of 3.4% annually in the industry between now and 2018.

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Welsh tourism sector 'one of strongest in UK' in 2013

Wales enjoyed a bumper year for tourism in 2013, a survey has revealed.

Half a million more visitors from Britain alone crossed the border compared to 2012, with an eight per cent rise in overnight stays.

Visitors spent £1.4 billion, with Wales' tourism sector seeing some of the strongest increases in Britain.

Figures reveal a bumper year for Wales tourism

Wales saw a boom in tourism over 2013 compared to Britain as a whole Credit: Dave Thompson/PA Wire

Wales saw a marked increase in tourism in 2013, according to figures released today.

The Great Britain Tourism Survey has revealed British residents made more than eight million visits to Wales in the first nine months of 2013 - up 7.8% compared to the same period in 2012.

Last year's tourism figures are also 5.4% higher than in 2011, which was considered an excellent season for tourism in Wales.

Results from tourism survey to be announced today

Towns such as Tenby rely on trade from tourism. Credit: PA

The Economy Minister, Edwina Hart, will announce the results for Wales in the Great Britain Tourism Survey later today. It's expected to show the sector is performing well.

In 2011 over 800,000 people from overseas visited Wales, spending more than £300m here.

New service to "help save £25m a year"

Over 70 public sector organisations are part of the service. Credit: Ben Birchall/PA Wire

4 billion pounds is spent by the public sector in Wales annually and the Welsh Government says 25 million could be saved with a new service.

It hopes the National Procurement Service for Wales will also open the gate for more Welsh firms to bid for contracts.

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'Increasing demand' pushing up Welsh house prices

The RICS says house prices jumped again last month Credit: Rui Vieira/PA Wire

House prices jumped once again last month as increasing interest from would-be buyers dwarfed the amount of properties coming onto the market, says October’s Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

It says the proportion of chartered surveyors reporting price rises increased again last month, with the balance of respondents reporting rises jumped to 25 percent.

The report says it's the highest reading since June 2004 and that it demonstrates the impact that the gap between the number of sellers and buyers is having on the market.

'Business confidence up' in Wales - but will it last?

Small businesses across Wales are feeling more confident, with plans to invest more in the coming year - according to the organisation representing them.

But with fewer of us shopping on the high street and businesses finding it difficult to get the loans that they need to invest, Megan Boot has been finding out if this confidence is built to last.

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