Romania recorded the largest increase in construction works in 2023

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Bucuresti, 10 February, 2024# RBJ – In December 2023, compared with November 2023, seasonally adjusted production in construction increased by 0.8% in the euro area and by 1.3% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In November 2023, production in construction fell by 0.4% in the euro area and by 0.5% in the EU.

In December 2023 compared with December 2022, production in construction increased by 1.9% in the euro area and by 2.4% in the EU.

The annual average production in construction for the year 2023, compared with 2022, increased by 0.2% in the euro area and by 0.1% in the EU.
Among Member States for which data are available, the highest monthly increases in production in construction were recorded in Romania (+10.3%), Poland (+8.5%) and Hungary (+5.0%). The largest decreases were observed in Slovakia (-10.0%), Germany (-3.4%) and Austria (-1.9%).

Annual comparison by construction sector and by Member State
In the euro area in December 2023 compared with December 2022
building construction increased by 1.3% and civil engineering increased by 4.7%.

In the EU building construction increased by 1.1% and civil engineering increased by 4.1%.

Among Member States for which data are available, the highest annual increases in production in construction were recorded in Romania (+30.7%), Poland (+18.9%) and Belgium (+10.7%). The largest decreases were observed in Slovakia (-10.4%), Austria (-8.7%) and Sweden (-6.1%).

According to the data of the National Institute of Statistics (INS) in Bucharest, in December 2023 vs December 2022, construction works, as a gross series, increased by 27.3%. Within this margin, on structural elements, increases were recorded in the case of new construction works (+41.9%) and capital repair works (+25.7%). At the opposite pole were current maintenance and repair works, with a decrease in volume of 4.6%. Also, on construction objects, increases were recorded in engineering constructions (+42.9%), non-residential buildings (+17.4%) and residential buildings (+1%).

According to the cited source, as an adjusted series, the volume of construction works increased by 25.5%, while structural elements showed increases in: new construction works (+44.3%) and capital repair works (+30%). At the same time, current maintenance and repair works decreased by 5.2%.

On construction objects, volume increases were recorded in: engineering constructions (+43.7%), non-residential buildings (+20.4%) and residential buildings (+2.9%).

Compared to November last year, in December 2023, construction works recorded increases both as a gross series (+28.1%) and as an adjusted series (+10.3%).

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