Romanian construction industry down by 0.6% y-o-y in 2013
Civil engineering is the leading segment in Romania's construction industry. However, over the last couple of years the civil engineering sector in Romania struggled. PMR believes that the sector fell by 5.9% in real terms in 2012, after the flat growth seen a year earlier. According to preliminary data revealed by the INS, civil engineering construction output resumed growth in 2013, expanding by 1.4%. The upward trend has been largely supported by transport infrastructure construction projects implemented with financial support from the EU. In recent years, more than 60% of annual spending on road projects has been channelled towards the development of the country’s national road network, even though these roads take up just 20% of Romania’s total public road network and includes motorways and E-roads.
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