Construction works volume in Romania peaks in Q3 after 12% q/q surge
The construction volume index in Romania increased markedly in Q3 by 12.1% q/q in seasonally and workday adjusted data, according to data published by the statistics office INS. All market segments gained momentum, but that of…
iulian ernst · Journalist
· Updated · 2 min read
The construction volume index in Romania increased markedly in Q3 by 12.1% q/q in seasonally and workday adjusted data, according to data published by the statistics office INS. All market segments gained momentum, but that of non-residential buildings stood out with a major 14.4% q/q surge.
The outstanding performance in Q3 may have something to do with the VAT rate hike for the construction contracts as of August, with the works volume index having surged by over 50% y/y in the preceding month (July), possibly reflecting in-advance invoicing. The growth rate returned to robust levels (+21.4% y/y in September, however.
