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The steepest annual decline in construction works

20 July 17 - RE+D Magazine
The steepest annual decline in construction works

COMPANIES

Savills

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Romania recorded the steepest annual decline in construction work in the European Union in May, namely -16.7%, according to EU’s statistical office Eurostat.

 

Construction work increased by 2.6% in the eurozone in May compared to the same month last year, whereas it recorded an annual advance of 2.5% in the European Union.

Only three member states, including Romania, recorded an annual drop in May. Romania recorded a decline of 1.3% in construction work in May compared to April, over a drop of 1.1% recorded at EU level or 0.7% in the eurozone.

Slovenia saw the biggest monthly decrease (-10.6%), followed by Sweden (-7.1%) and Slovakia (-4.9%).

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