BUSINESS

Eurostat: Romanian construction sector sharply declines in April

Slovenia and Romania registered in April the sharpest decline in their construction sectors across the EU, compared to the previous month, as both the European Union (EU27) and the euro zone (EU16) reported increases by 0.7 and 0.6 pc respectively, according to data unveiled Wednesday by the European statistics office (Eurostat), quoted by Agerpres.


Compared to the previous month, in April 2009 the volume of construction works rose in six member states and fell in six others. The highest increases were reported by the Czech Republic (5.2 pc), Spain (3.2 pc) and Sweden (2.9 pc), while the sharpest declines were in Slovenia (-12.1 pc), Romania (-6.1 pc) and Slovakia (-3.1 pc).


On year’s basis, construction works went down 5.1 pc in the European Union and 4.7 pc in the euro zone. According to available data, the construction sector decreased in eight member state and rose only in four. The most significant downturn rates were registered in Slovenia (-22.8 pc), Romania (-13.7 pc) and Slovakia (-12.7 pc), while the biggest increases were in Germany (6.1 pc), Sweden (4.6 pc) and the Czech Republic (3.3 pc).


In April, Romania’s imports grew by 8.8 per cent to EUR 900 M compared to the level registered in March, that growth level being the second highest in the European Union. The EU’s imports registered a drop of 2.8 per cent to EUR 100.5 bln. The highest export growth rhythm was registered by Malta (19.2 per cent to EUR 100 M). On the other hand, Romania’s exports in April dropped by 8.6 per cent to EUR 600 M in April, that drop being the sixth highest in the EU. In April, Romania registered a trade deficit of EUR 300 M, up by 50 per cent from March and the eight highest in the EU, in a tie with the trade deficits of Bulgaria, Czech Republic, Italy, Luxembourg, Hungary, Portugal and Slovakia.

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