Construction activity in RO slows down in Nov after robust growth through 2020
Romania's construction work index increased by 7.8% year-on-year in November, a robust growth yet relatively slower than in the previous months of the year.
iulian ernst · Journalist
· Updated · 1 min read
Romania's construction work index increased by 7.8% year-on-year in November, a robust growth yet relatively slower than in the previous months of the year.
On average, the index had advanced by 18% year-on-year in January-October. For the Jan-Nov period, the annual growth eased slightly to 16.7%.
The non-residential construction sector, which contracted by 1.7% year-on-year, caused the slowdown in November.
In contrast, the residential sector activity boasted one of the strongest annual growth rates in recent months: 21.5%.
The civil engineering activity remains volatile (+9.8% in November, half the 19.8% advance in October but three times the 3% advance in August) as it depends on the budget's resources that are relatively scarce at this moment.
(Photo: Shutterstock)
