“On the other hand, we expect this capital and labor – intensive sector to be backed this decade by a low level of real financing costs and by the implementation of investments meant to enhance the critical infrastructure”, Radulescu also said.
Romania’s statistics board INS on Thursday released its data regarding the evolution of the construction sector in February 2020 and January-February 2020. Statistical data confirm the positive climate in this capital and labor – intensive sector before the impact of the COVID-19 pandemic, an evolution backed by a lax mix of economic policies – a low level of real financings, an increase in revenues and in public investments.
INS data showed Thursday that the construction sector fell 4.6% on the month in February 2020, due to a 6.4% month-on-month decline in new constructions. Current repair works and capital repair works saw month-on-month increases of 7.5% and 7.8%, respectively.