Romania Nov Constr Output Sees 3rd Biggest Monthly Rise In EU

Romanian construction output rose 2.9% on the month in November last year, the third-highest increase in the European Union, official data showed Tuesday.

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Seasonally adjusted data placed Slovakia and Portugal ahead of Romania in terms of output growth in constructions, with monthly advances of 13.7% and 4.1%, respectively, EU's statistics office Eurostat said.

Year-on-year, however, Romania reported the weakest performance across the EU, with a 24.4% decline in November construction output. Neighbor Bulgaria followed second, with a 22.5% annual drop in production, while Slovenia posted an 18.1% decrease.

Construction output in the EU declined by 0.6% in November compared with October. On the year, EU production fell 6.7%.

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