This is because of the higher confidence in the country’s economy and the prospect of implementation of relaxed economic policies, says Andrei Radulescu, director of macroeconomic research with Banca Transilvania. Then there was also the base effect.
“Statistics point to a faster annual speed of this residential construction indicator (the highest rise since March 2007), driven by an improvement of the confidence in the economy, amid the vaccination campaign and implementation of a relaxed mix of economic policies. The base effect, too, influenced the trend of this indicator in March,” Andrei Radulescu says.
(English version by Loredana Fratila-Cristescu)