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Moldova’s construction output falls 6.3% y/y in Q1

May 20, 2024, 4:35:33 PMArticle by Alexandru Cristea
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May 20 (SeeNews) - Moldova's total construction output decreased by an annual 6.3% in the first three months of 2024, the country's statistical office, BNS, said in a press release on Monday.

Moldova’s construction output falls 6.3% y/y in Q1
Moldova's construction output. Source: BNS

The volume of maintenance and current repair works jumped by an annual 37% during January-March, while capital repair works dropped by 32.8%. New constructions decreased by 5.8%, whereas other construction works fell by 35.6% on the year.

The volume of works performed on non-residential buildings and engineering constructions shrank by 0.5% and 13.1%, respectively. Works performed on non-residential buildings inched up by an annual 2%.

Moldova's construction output edged down by an annual 2.5% in 2023 after falling by 13.9% in 2022.

Moldova's construction output (pct change):

Q1'24 y/y
Total construction output -6.3
Output by structural items
- new constructions -5.8
- capital repair works -32.8
- maintenance and current repair works +37.0
- other construction works -35.6
Output by construction projects
- residential buildings +2.0
- non-residential buildings -0.5
- engineering constructions -13.1
- other construction works -35.6

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