ECONOMY FINANCE&BANKING INDUSTRY

Construction works volume, down 13.3 in November

The volume of construction works in Romania as a gross series dropped by 13.3 pct in November 2016 as compared to the same period in 2015, and as a series adjusted for working days and seasonality, was down 9.9 pct, according to data with the National Institute of Statistics (INS) released on Friday.

Decreases were recorded for all structure elements: capital repair works – by 43.5 pct, current repairs and maintenance – by 15.8 pct and new construction works by 2.3 pct.

By construction objects, the construction works volume for engineering constructions went down by 37.4 pct. Residential buildings went up by 78.2 pct, and non-residential buildings by 17.9pct.

When adjusted for working days and seasonality, the volume of construction works dropped by 9.9 pct. Decreases were recorded for all structural elements: capital repair works down by 48.0 pct, current repairs and maintenance down by 7.0 pct and new construction works by 3.5 pct.

By construction objects, the construction works volume for engineering constructions went down by 32.3 pct. Residential buildings went up by 60.0 pct, and non-residential buildings by 14.8 pct.

INS data show that construction works volume decreases in November 2016 as compared to the previous month, as gross series, by 2.3 pct, a decrease clear for capital repair works by 22.3 pct and current repairs and maintenance by 14.2 pct. Works on new constructions went up by 9.3 pct.

By construction objects, the construction works volume for engineering constructions went down by 13.4 pct. The volume of construction works for non-residential buildings grew by 12.2 pct. and for residential buildings by 8.1 pct.

The overall volume of construction works, as adjusted series by working days and seasonality dropped by 4.0 pct, a decrease by the following structure elements: capital repair works by 28.8 pct, current repairs and maintenance by 12.9 pct. Works on new constructions went up by 0.9 pct.

By construction objects, the construction works volume for engineering constructions went down by 17.4 pct. The volume of construction works for non-residential buildings grew by 4.5 pct. and for residential buildings by 2.3 pct.

The overall volume of construction works, as gross series, decreased by 0.9 pct in the first 11 months of 2016, compared to the same period of 2015. By structure elements, there have been decreases in the capital repair works by 6.7 pct and new construction works by 2.4 pct. Capital repair works dropped by 16.4 pct.

By construction objects, the construction works volume grew as follows: residential buildings by 8.3 pct., By construction objects, engineering constructions by 1.7 pct and non-residential buildings by 1.4 pct.

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