Romania’s construction activity returns to normal after July spike
The construction works volume contracted by 2.1% y/y in August after the unusually strong 40% y/y surge in July that could be attributed rather to accounting or other bureaucratic developments caused by the budgetary measures implemented…
iulian ernst · Journalist
· Updated · 2 min read
The construction works volume contracted by 2.1% y/y in August after the unusually strong 40% y/y surge in July that could be attributed rather to accounting or other bureaucratic developments caused by the budgetary measures implemented by the government, according to data published by the statistics office INS.
The seasonally-adjusted works volume index dropped by 26.2% m/m, reversing the +26.2% surge in July and returning to the usual level seen over the past two and a half years.
