Romania’s construction works up 16.7% y/y in January-February on low base effects

The volume of construction works in Romania increased by 6.1% y/y in February and by 16.7% y/y in January-February, according to data published by the statistics office INS.

The high growth rates, particularly in January (+33.3% y/y), come amid seasonally subdued (thus more volatile) construction works activity in the first quarter of the year and unusually low activity reported in the residential sector during Q1 of 2024 (possibly caused by changes in the invoicing procedures last year).