Romania’s construction works down 0.6% in 2M21

Romania’s construction works down 0.6% in 2M21
By bne IntelliNews April 18, 2021

The volume of construction works increased by 3.3% in February, compared to the same month of 2020, but this still couldn’t fully offset the poor performance in January and as a result the overall volume of works in January-February lagged by 0.6% compared to the same period of last year. 

The cloudy picture has a silver lining though: civil engineering works were up by 11.2% year-on-year and new construction works by a more modest 2% y/y. 

By market segment, the residential building works segment contracted by 5.6% y/y and the non-residential buildings segment by 12.8% y/y in January-February. 

Overall, the construction market has not started the new season on a higher level, as happened in 2020 (creating a high base effect). But the outlook remains robust for some segments of the market, particularly the residential segment in and around first-tier cities and in the logistic and industrial segment. 


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