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October 22, 2020
ECONOMY INVESTMENTS

Construction works in December 2015. Eurostat: Romania, highest growth in the European Union

In December 2015, Romania registered the highest construction works growth among all EU member stated, namely 5.8 per cent month-on-month, according to the data published on Wednesday by the European Statistics Office (Eurostat).

On the other hand, construction works declined by 0.1 per cent in the European Union (EU-28) and by 0.6 per cent in the Euro Area. Among member states, the biggest slumps were registered in Slovenia (-12.5 per cent), France (-1.6 per cent) and Netherlands (-0.9 per cent), while the biggest growth was registered in Romania (5.8 per cent), Slovakia (4.3 per cent) and Sweden (2.6 per cent).

Year-on-year, construction works dropped by 0.4 per cent in the Euro Area but grew by 1.4 per cent in the EU. Romania is among the top-ranking countries in this case too, with a growth of 13.9 per cent, behind Slovakia (24.9 per cent) and Sweden (15.2 per cent).

In Romania’s case, according to the data presented by the National Statistics Institute (INS), in 2015 the construction works volume grew by 10.4 per cent year-on-year as a gross series. In December 2015, the volume grew by 14.2 per cent year-on-year as gross series and by 8.8 per cent as adjusted series. In what concerns the month-on-month results registered in December 2015, the construction works volume grew by 28.4 per cent as gross series and by 5.9 per cent as series adjusted by working days and seasonality.

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