Romania, highest rise in construction works among EU

Romania recorded the most significant advances in construction works in the European Union in March 2014, when compared to the previous month, show the data presented on Monday by the European Office of Statistics (Eurostat). Construction work in the EU has declined in March by 0.5 percent, and in the Eurozone a 0.6 percent contraction was recorded. As for the member states, construction work has had the most significant advance in Romania (10.3 percent), and the greatest decline was recorded in Portugal (3 percent drop). Second in terms of increase of construction production is Slovenia with 8.9 percent followed by Italy with 1.9 percent. The major drops after Portugal were reported by the Netherlands with 2.6 percent and Germany with 2.2 percent. Only 15 of the 28 member states sent data to Eurostat. In six of these states, the construction works went up, and in the rest of them they went down. On a year-on-year basis, the construction works in Romania went down by 0.7 percent, whereas they went up in the EU by 0.53 percent. The highest advance rates were reported by Slovenia with 44.9 percent, Hungary with 34.1 percent, Spain with 19.1 percent. The major drops were reported by Portugal with 13.8 percent, Sweden with 2.8 percent and Italy with 1.4 percent. In the Euro Area, the advance was 5.2 percent.

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