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Romania records 3rd annual growth in construction works in EU in June

Romania is ranked 3rd in the European Union in terms of construction works growth in June 2016 compared with the same month of last year, up 4.6 percent, being outrun only by Sweden, which registered a 16.3 percent growth, and Spain, with 6.9 percent, according to the data presented on Thursday by the European Statistics Office (Eurostat).

In the EU 28, construction works declined 0.6 percent on an annual comparison, while in the Eurozone they went down 0.6 percent.

Moreover, in June 2016, compared with May 2016, Romania had the fifth growth in the EU in construction works, 0.4 percent, after Hungary, 7.6 percent, Slovenia, 2.3 percent, Slovakia, 1.7 percent, and Spain, 1.2 percent. In the EU 28, construction works increased 0.3 percent compared with the previous month, and in the Eurozone they stagnated.

In Romania’s case, according to the data with the National Institute of Statistics (INS), the construction works volume increased in the first six months of 2016 against the similar period of 2015, both as gross series and as seasonally and working days adjusted series, by 5.3 percent and 5 percent, respectively. In June 2016 compared with the previous month, the construction works volume increase as gross series by 17.4 percent and 0.4 percent as seasonally and working days adjusted series. In June 2016 compared with June 2015, the construction works volume advances as gross series by 5.6 percent. As seasonally and working days adjusted series, the construction works volume increased 5.9 percent.

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