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Romania Adjusted Construction Works +3.4% On Month In July

Romanian construction works rose 3.4% in July compared with a month earlier, fueled by a 31.3% increase in residential buildings, the country’s statistics institute INS said Tuesday.

Romania Adjusted Construction Works +3.4% On Month In July
Romania Adjusted Construction Works +3.4% On Month In July / FOTO: Grup RC

Maintenance and repair works declined 10.8% on the month in July, while capital repairs decreased by 13%. New constructions fell 4.1% in July from the previous month.

The data are adjusted for number of working days and seasonality factors.

On an annual basis, adjusted construction works rose 12.4% in July, fueled by two-digit growth in the capital repairs and new construction sectors, the data showed.

Capital repair works were up 32.2% on the year, while new constructions increased by 17%. Maintenance works, on the other hand, fell 11.6% in July from the year-earlier month.

In the January-July period, Romanian construction works decreased by 2.2% on the year, due to declines in the new constructions and maintenance works sectors.

In unadjusted data, construction works fell 10.8% on the month in July, but were up 13.6% compared with the same month of 2010.

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