Romanian construction activity up 8% in November 2021
Romanian construction activity up 8% in November 2021
The construction index in gross terms changed upwards by 3.9% relative a year ago.
RE+D magazine
28.01.2022
Romania's seasonally-adjusted construction works index recorded an 8% increase in November, consolidating the 1.6% upward trend observed in October.
The new figures can be observed as a sign of a recovery from a consistent downward shift that was persisting from May to September of 2021.
All three market segments have recorded increases in November relative to October - the non-residential and civil engineering segments by 9%-10% and the residential segment by 5%.
The construction index in gross terms changed upwards by 3.9% relative a year ago.
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.