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Romania's construction output up 13.8% in 2023

Feb 20, 2024, 11:08:00 AMArticle by Razvan Timpescu
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February 20 (SeeNews) - Romania’s construction output rose by 13.8% on the year in 2023, the country’s statistical office, INS, said on Tuesday, citing working-day adjusted data.

Romania's construction output up 13.8% in 2023
Evolution of Romania's construction figures as of December 2023 Source: INS

On a seasonally unadjusted comparison basis, construction production increased by an annual 14.2% in the twelve months through December, INS said in a statement.

In December alone, the volume of construction works rose by an annually adjusted 25.5% and by a monthly adjusted 10.3%.

Details follow (working-day and seasonally adjusted data, percentage change):

Dec y/y Dec m/m 2023 y/y
Total +25.5 +10.3 +13.8
Residential buildings +2.9 +4.8 -5.9
Non-residential buildings +20.4 +22.5 +2.3
Engineering sites +43.7 +9.6 +32.7

Source: INS

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