Romania’s construction works slump 10.3 pct y/y in August on sharp decline of residential buildings

Sorin Melenciuc 15/10/2018 | 10:26

The construction works in Romania declined by 10.3 percent year-on-year in August, due mainly to a sharp contraction in residential buildings, official data show.

In July, the construction works decreased by 16.4 percent year-on-year.

Residential buildings declined by 42 percent year-on-year in August, while engineering constructions – including government-financed roads and bridges works – increased by 12.7 percent. Non-residential buildings’ works declined by 14.8 percent year-on-year.

Capital repairs sector increased by 12.9 percent year-on-year, maintenance and current repairs decreased by 1.1 percent, while new constructions sector declined by 16.2 percent compared with August 2017.

Compared with July, construction works rose by 1.4 percent in seasonally adjusted series.

In the first eight months of this year, construction works in Romania declined by 4.6 percent year-on-year, according to official data.

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