Public sector investments fuel construction industry’s growth in Romania

Public sector investments fuel construction industry’s growth in Romania

/ bne IntelliNews

By bne IntelliNews September 21, 2023

The volume of construction works in Romania (chart) increased by 15.8% y/y in July, the statistics office INS announced.

The annual growth rate remained above 15% y/y for the fourth consecutive month.

In July, the growth was fueled by civil engineering (infrastructure) works, which surged by 37.6% y/y in the month and maintained an annual growth rate of over 35% y/y for the fourth consecutive month.

The construction of non-residential constructions is also growing, by 7.7% y/y in July and 12% y/y in the rolling 12-month period ending July. But this sector’s growth is more volatile because it includes segments with different trends (office, retail and logistics).

As regards the residential buildings segment, it posted negative growth in July (-14.3% y/y) and in the rolling 12-month period (-3% y/y) but on a longer-term perspective it stagnated after record growth rates in 2020-2021.

#romania #construction

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Bucharest summons Russian chargé d'affaires after drone debris hits Romanian territory

Plants absorbing less carbon dioxide in 2023, accelerating global warming

Drone delivers STI tests at Romanian festival to “make sure happy endings are not itchy”

Bucharest summons Russian chargé d'affaires after drone debris hits Romanian territory

Plants absorbing less carbon dioxide in 2023, accelerating global warming

Drone delivers STI tests at Romanian festival to “make sure happy endings are not itchy”

Data

Russia’s CBR ups key interest rate by whopping 200bp to 18%, increases GDP growth forecast to 3.5% for 2024

The board of the Central Bank of Russia (CBR) increased the key interest rate by 2 percentage points from 16% to 18%, in line with consensus expectations at the policy meeting on July 26. - the first hike since December 2023.

The NBU keeps rates on hold at 13% due to rising inflation pressure

The National Bank of Ukraine (NBU) has decided to maintain its key policy rate at 13% on July 25, halting a series of three consecutive rate cuts.

Moldova's pro-Russian separatist Transnistria sends 80% of its exports to the EU

War in Ukraine forced Transnistrian exporters to focus on Western markets as routes to Russia blocked.

How energy intensive are data centers?

While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.

Hungarian central bank moves in line with forecast with 25bp rate cut

The central bank is likely to carry out 1-2 more rate cuts this year, bringing the rate to 6.25-6.50%, which would still be the highest among its CEE peers.

Russia’s CBR ups key interest rate by whopping 200bp to 18%, increases GDP growth forecast to 3.5% for 2024

The NBU keeps rates on hold at 13% due to rising inflation pressure

Moldova's pro-Russian separatist Transnistria sends 80% of its exports to the EU

How energy intensive are data centers?

Hungarian central bank moves in line with forecast with 25bp rate cut

Dismiss

Chat with usLiveChat