Romania's construction work index increased by 7.8% y/y in November, a robust growth yet relatively slower than in the previous months of the year.
On average, the index had advanced by 18% y/y in January-October.
For the January-November period, the annual growth eased slightly to 16.7%.
The non-residential construction sector, which contracted by 1.7% year-on-year, caused the slowdown in November. In contrast, the residential sector activity boasted one of the strongest annual growth rates in recent months: 21.5%.
The civil engineering activity remains volatile (+9.8% in November, half the 19.8% advance in October but three times the 3% advance in August) as it depends on the budget's resources that are relatively scarce at this moment.
Better performance in February and strong growth in civil engineering failed to counter sluggish January.
Resurgence in Turkey’s coronavirus outbreak looks set to hinder flag carrier’s attempts to stage a recovery.
Russian industrial output posted 1.1% year-on-year growth in March 2021, according to RosStat statistics agency data, making the first y/y growth in a year.
The National Bank of Ukraine (NBU) raised Ukraine’s prime rate by a full percentage point, to 7.5% on April 16, more than analysts anticipated, after inflationary pressures surged in March.
The National Bank of Ukraine (NBU) is expected to raise its prime interest rate on April 15 in order to combat rising inflation, according to a Reuter’s poll of analysts, the newswire reported on April 14.