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Bucharest
March 4, 2021
BUSINESS

Investments down 14.2 pc in Q3

According to a report published on Friday by the National Statistics Institute (INS), investments in the national economy dropped by 14.2 per cent in Q3 as a consequence of the 23.1 per cent drop in new construction works sector and the over 9 per cent drop reported in the tools and means of transportation sector, Agerpres informs. In nominal terms the investments totaled RON 14.13 bln, of which approximately 50 per cent were allocated to new construction works (RON 7.530 bln). In January-September the investments in new construction works totaled RON 19.11 bln, representing 52.3 per cent of the total, in contrast to the 54.5 per cent share they represented in the same period last year. Investments in tool and means of transportation totaled RON 13.89 bln, representing 38 per cent of the total in contrast to a 37.3 per cent share in the same period last year. The economic sectors which reported a higher volume of investments were the industrial sector (42.3 per cent) and the commerce/services sector (37.3 per cent). The investments in constructions represented 14.3 per cent of total investments, while those in agriculture represented 3.9 per cent. Another INS report shows that the retail trade turnover (with the exception of trade in auto vehicles and motorcycles) reported in October a monthly drop of 3.1 per cent as a gross series and of 3.5 per cent as a series adjusted by the number of working days and seasonality. Compared to October 2009 the drop is even steeper: 7.6 per cent as a gross series and 5.1 per cent as an adjusted series.

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