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Romania Dec Construction Output Rises At Fastest Pace In EU

Romanian construction output rose 9.9% on the month in December last year, the highest increase in the European Union, official data showed Wednesday.
Romania Dec Construction Output Rises At Fastest Pace In EU
17 feb. 2010, 13:49, English

Seasonally adjusted data showed construction output in the EU increased by 0.5% in December compared with November, EU’s statistics office Eurostat said.

It said December output fell in eleven EU states and rose only in Romania and Spain (6.2% compared with November 2009). The largest decreases were recorded in Slovakia (-11.3%), Slovenia (-8.1%) and Bulgaria (-7.9%).

Year-on-year, EU construction output dropped by 3.3% in December 2009. Spain (+7.5%), Poland (+2.5%) and the Czech Republic (+2.3%) were the only member states to post annual growth in December.

The largest annual decreases were recorded in Bulgaria (-33.3% in December last year vs the same month of 2008), Slovakia (-19.7%) and Slovenia (-18.8%).

In Romania, construction output fell 7.1% on the year in December, the eighth biggest decline in EU.