Infographics: Construction sector in Romania 2017More information on this topic is presented in the PMR report:
- May 2017
- Delivery: PDF / online access
- Forecasts: 2017-2022
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- The resurgence of the negative trend in civil engineering output in 2016 largely reflects the end of the 2007-2013 EU budget programming period.
- Within civil engineering work, transport infrastructure, which is largely developed with EU money, accounts for 58-60% of the total work every year.
- In 2016, civil engineering’s share of the entire Romanian construction market likely decreased to approx. 38%, from 44.3% in 2015.
- The EU funding programme for the 2014-2020 programming period is about to gain pace, with many infrastructure projects entering the construction stage in 2017.
- OMV Petrom plans to increase its capital investment budget by about 40% in 2017.
The sentiment index in construction was at its highest level of the past eight years in April 2017, fuelled mainly by:
- real wage growth reached 10.1% in 2015, probably exceeded 12% in 2016 and is expected to exceed 6% easily in 2017
- the low base for comparison generated in 2016 and a recovery in EU funding should ensure that investment activity picks up in 2017
- the euro-area economy is gaining momentumin Q1 2017, the intention of Romanians to purchase or build a home within the next 12 months was at its highest level since Q1 2009.
More information on this topic is presented in the PMR report:
Construction sector in Romania 2017. Market analysis and development forecasts for 2017-2022