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Moldova’s construction output edges down 2.5% y/y in 2023

Feb 22, 2024, 3:30:04 PMArticle by Bogdan Todasca
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February 22 (SeeNews) - Moldova's total construction output inched down by an annual 2.5% in 2023, the country's statistical office, BNS, said in a press release on Tuesday.

Moldova’s construction output edges down 2.5% y/y in 2023
Moldova's construction output in 2023 Source: BNS, unsplash.com

The volume of maintenance and current repair works fell by an annual 12% in 2023, while capital repair works jumped by 40.4%. Other construction works rose 17% on the year.

The volume of works performed on residential buildings and engineering constructions shrank by 16.1% and 9.3%, respectively. Works performed on non-residential buildings saw an annual hike of 20.3%.

Moldova's construction output fell by an annual 14% in 2022 after edging down by 0.3% in 2021.

Moldova's construction output (pct change):

2023 y/y
Total construction output -2.5
Output by structural items
- new constructions -14.2
- capital repair works +40.4
- maintenance and current repair works -12.0
- other construction works +17.0
Output by construction projects
- residential buildings -16.1
- non-residential buildings +20.3
- engineering constructions -9.3
- other construction works +17.0

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