April 18 (SeeNews) - Romania’s construction output fell by 11.8% on the year during the first two months of 2024, the country’s statistical office, INS, said on Thursday, citing working-day adjusted data.
On a seasonally unadjusted comparison basis, construction production decreased by an annual 10.8% in the two months through February, INS said in a statement.
In February alone, the volume of construction works declined by an annually adjusted 5.9% and increased by an adjusted monthly 17.5%.
Details follow (working-day and seasonally adjusted data, in percent):
|
Feb y/y |
Feb m/m |
Jan-Feb y/y |
Total |
-5.9 |
17.5 |
-11.8 |
Residential buildings |
-19.2 |
71.6 |
-36.9 |
Non-residential buildings |
8.3 |
12.9 |
6.7 |
Engineering sites |
3.7 |
10.3 |
3.1 |
Source: INS