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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Romania's construction activity returns to growth in October-November

Romania's seasonally-adjusted construction works index has advanced by 8% in November, consolidating the 1.6% positive dynamics in October and thus putting an end to the consistent downward shift visible in May-September.

All three market segments have increased in November compared to October - the non-residential and civil engineering segments by 9%-10% and the residential segment by 5%.

Furthermore, the construction index in gross terms posted a positive (+3.9%) advance compared to November 2020.

Over the previous five months, the seasonally-adjusted index has plunged by nearly 20%, prompting moderate concerns in regard to the resilience of the sector.

Anyway, from a broader perspective, the bright outlook of the construction market was never questioned - particularly in regard to the civil engineering segment - as the country will use a large part of the funds under the Resilience Facility for various infrastructure projects.

Regarding the residential segment, the outlook is mixed in the context of rising interest rates and significant demand for housing units, particularly in the first-tier cities.

iulian@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Romania's construction activity returns to growth in October-November

Romania's seasonally-adjusted construction works index has advanced by 8% in November, consolidating the 1.6% positive dynamics in October and thus putting an end to the consistent downward shift visible in May-September.

All three market segments have increased in November compared to October - the non-residential and civil engineering segments by 9%-10% and the residential segment by 5%.

Furthermore, the construction index in gross terms posted a positive (+3.9%) advance compared to November 2020.

Over the previous five months, the seasonally-adjusted index has plunged by nearly 20%, prompting moderate concerns in regard to the resilience of the sector.

Anyway, from a broader perspective, the bright outlook of the construction market was never questioned - particularly in regard to the civil engineering segment - as the country will use a large part of the funds under the Resilience Facility for various infrastructure projects.

Regarding the residential segment, the outlook is mixed in the context of rising interest rates and significant demand for housing units, particularly in the first-tier cities.

iulian@romania-insider.com

(Photo source: Dreamstime.com)

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