Local constructions sector still tops growth in EU in spite of crisis

 

In spite of the global crisis, which is impacting on Romania, the constructions sector registered a 27 percent annual growth.

Slovenia ranks second, with a 19.4 percent growth, followed by Bulgaria (17.7 percent) and Slovakia (17.3 percent).

On the other hand, Spain registered the most severe decline, 24.1 percent year-on-year. In Sweden, the constructions market shrunk 19.8 percent.

Of the total 27 European Union members, Eurostat only had data for 13 countries. Eight of them registered growth in constructions, while the sector declined in the remainder five.

Overall, the constructions sector registered a 3.8 percent decline in the EU, the same as in the euro-zone.

However, Romania ranks fifth month-on-month in the EU in terms of construction growth, with a 2.7 percent advance, equal to that of the Netherlands. Slovakia tops this ranking, with a 7.2 percent growth compared to August 2008, followed by Portugal, with 6.8 percent.

Severe monthly decline was registered in Britain (8.5 percent) and Spain (7.8 percent).