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September 23, 2021
BUSINESS

Romania – the most severe decline of construction works in the EU

Romania had in June 2012, compared to the previous month, the most severe decline of construction works in the European Union, minus 10 pc, while the average decrease at EU scale was 1.7 pc, and in the euro zone the volume of construction works dropped by 0.5 pc, according to data released Monday by the European Statistics Office (Eurostat). Only four EU member states reported increases of the construction works volume in June 2012, compared to the previous month: Slovenia (6.8 pc), Spain (1.3 pc), Sweden (1.1 pc) and France (0.7 pc), while in 10 states construction works dropped. On the other hand, in annual figures for June 2012 against June 2011, Romania is one of the three countries where construction works advanced: Sweden (4.6 pc), Germany (3.0 pc) and Romania (0.1 pc). The volume of construction works declined in 11 member states. In the euro zone, the volume of construction works decreased by 2.8 pc, while at EU scale it went down 5.8 pc. According to data released by the National Statistics Institute (INS) in June 2012, the volume of construction works (unadjusted series) increased by 7.6 pc compared to May 2012, while in series adjusted with the number of working days and seasonal factors it dropped by 9.9 pc against May 2012.

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