Tuesday, November 20, 2007

Romania leads in European construction sector's growth

BUCHAREST, Nov. 19 (Xinhua) -- Romania recorded this year the highest annual pace growth in the field of construction works (37.5 percent) in the European Union, the national Rompres news agency reported on Monday citing Eurostat statistics.

According to the cited statistics, Romania is followed at a distance by Great Britain (7.7 percent) and Slovenia (4.6 percent).Biggest declines were recorded by Sweden (minus 10 percent), Portugal (minus 4.7 percent) and Spain (minus 4.4 percent)

In the European Union (EU 27) construction works reflected in September 2007 an advance of 2.5 percent compared to September 2006.

In September 2007 as against August 2007, construction works showed a rise of 0.1 percent in the European Union. In this case as well, Romania ranges in the top, with an increase of 2.0 percent, outrun only by Slovakia (3.2 percent), but ahead of Germany (0.7 percent). At the opposite pole there are Great Britain (minus 6.7 percent), Portugal (minus 5.2 percent) and Poland (minus 3.4 percent).

The euro zone (EA 13) recorded in September 2007 an annual growth pace of construction works of 1.5 percent, whereas compared to August 2007 the output in construction sector remained at a stable level.

According to the data presented by Romania's National Institute of Statistics, construction works implemented in Romania, in September 2007, showed a jump of 37.1 percent in real terms, from September 2006.

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