The volume of construction works in Romania contracted by 2.5% y\/y in July, after the sector posted a marginal 0.2% y\/y advance in Q2, according to data published by the statistics office INS.<\/p>\n
In seasonally-adjusted terms, the sector posted a moderate 1.0% y\/y advance, which was rather a statistical effect of the workday adjustment since each of the three segments of the market contracted marginally.<\/p>\n
In the entire H1, the construction work volume was 2.8% smaller compared to the same period in 2023.<\/p>\n
The decline was driven in July by the residential segment (-23.5% y\/y), which had performed particularly poorly over the past year and declined by 22.0% y\/y in H1 as well.<\/p>\n
The non-residential segment posted a moderate negative performance (-1.% y\/y) in line with the 2.4% y\/y contraction seen in H1.<\/p>\n
The volume of civil engineering works remained robust (+5.2% y\/y) as it was in H1 as well (+7.4% y\/y), but it couldn\u2019t alone offset the gloomy performance in both other segments of the market.<\/p>\n
The volume of construction works in new projects, an indicator of further performance of the sector, remained in the negative area (-1.2% y\/y) in July after the -2.4% y\/y decline in H1.<\/p>\n