\u00a0The construction works volume in Romania edged up by another 2.2% q\/q in seasonally adjusted terms after the 13.5% q\/q advance in Q2, recovering part of the steep 21% q\/q contraction in Q1, according to data published by the statistics office INS.<\/p>\n
However, constructors’ activity in Q3 \u00a0still lagged 2.2% y\/y behind the volume (in comparable terms) seen in the same quarter of last year. This sector’s weak performance must have contributed to the disappointing 1.1% y\/y GDP growth estimated under the flash report by the statistics office.<\/p>\n
The residential and non-residential building segments of the markets keep losing ground. The residential segment plunged the most, by 26% y\/y and 19.6% q\/q in Q3.\u00a0<\/p>\n
The non-residential buildings segment posted a more moderate decline, propped possibly by the logistics and industrial sub-segment: it dropped by 7.5% y\/y and 7.3% q\/q in Q3.<\/p>\n
The volume of construction works under civil engineering projects, mostly contracted by the state in the infrastructure sector, increased by 9.5% y\/y and 4.8% q\/q and contributed to propping the decline of the overall construction market.\u00a0<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Dreamstime.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":" \u00a0The construction works volume in Romania edged up by another 2.2% q\/q in seasonally adjusted terms after the 13.5% q\/q advance in Q2, recovering part of the steep 21% q\/q contraction in Q1, according to data published by the statistics office INS. However, constructors’ activity in Q3 \u00a0still lagged 2.2% y\/y behind the volume (in […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2677","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2677"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2677\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}