Construction activity in Romania will accelerate in the coming years

As indicated by the results of PMR’s latest report, entitled “Construction sector in Romania 2015. Development forecasts for 2015-2020”, in 2014 the construction industry in Romania continued to struggle, and was estimated to have contracted by 6.6% year on year, after a probable 8.7% reduction recorded in 2013.
According to PMR, the fall in total construction output last year was caused entirely by the weak performance of the civil engineering subgroup, which fell year on year by almost 23%. The slump in civil engineering activity could not be counterbalanced by a 7.8% upsurge in residential construction output and a 4.6% increase in non-residential construction. In 2013 and 2014, the construction industry in Romania continued to suffer, mostly because of the substantial reduction in support from the public sector.

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