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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania’s constructors take a breath in May after record performance in April

The construction activity in Romania lost momentum in May after it reached an all-time record in April, according to data released by the statistics office INS.

Thus, the construction works index, seasonally and workday adjusted, dropped by 5.8% in May, reversing most of the 6.2% advance in April.

Nevertheless, the sector keeps operating close to the highest rates ever recorded, and the robust outlook remains intact. In annual terms, the construction work volume reported in May was 6.0% higher.

For the first five months of the year, the average growth rate was 5.5%, and it was not a base effect: last year, in the same five-month period, the construction works index was 22% up YoY.

The performance was not even among the sectors, though. The residential buildings segment soared by nearly 24%, driving the entire market upside. The non-residential buildings segment contracted by 0.4%, and the civil engineering works (infrastructure) rose by 0.3%. 

(Photo: Bogdan Hoda/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania’s constructors take a breath in May after record performance in April

The construction activity in Romania lost momentum in May after it reached an all-time record in April, according to data released by the statistics office INS.

Thus, the construction works index, seasonally and workday adjusted, dropped by 5.8% in May, reversing most of the 6.2% advance in April.

Nevertheless, the sector keeps operating close to the highest rates ever recorded, and the robust outlook remains intact. In annual terms, the construction work volume reported in May was 6.0% higher.

For the first five months of the year, the average growth rate was 5.5%, and it was not a base effect: last year, in the same five-month period, the construction works index was 22% up YoY.

The performance was not even among the sectors, though. The residential buildings segment soared by nearly 24%, driving the entire market upside. The non-residential buildings segment contracted by 0.4%, and the civil engineering works (infrastructure) rose by 0.3%. 

(Photo: Bogdan Hoda/ Dreamstime)

andrei@romania-insider.com

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