There was no construction start indicator in Romania, so we have created an estimation for it.
This poster is a summary of our monthly findings. It shows how the total value of started construction works have changed over the same period last year. Besides, it presents which segments have the biggest start value in the current year. We call this indicator Project-Start. And they are computed every month for 18 construction segments by aggregating data of construction projects. The projects are from the iBuild database and ELTINGA and Buildecon found the way of creating indicators out of them.
If you need short-term foresight, you will like it.
Brief comment from Janos Gaspar, head of Buildecon:
Project-Start is still much weaker in building construction than this time last year. Within building construction, the multi-unit residential submarket experienced the bigger drop, the total value of started works halved from a year ago. The drop in non-residential is less harsh, but still significant. And it is driven by the declining Project-Start in the publicly financed segments (education, health, other non-residential). Thanks mostly to the works commenced on A8 Motorway and the Bucharest-Giurgiu railway line, civil engineering is still strong, despite the double digit drop.
We have renamed our indicators for the sake of easier understanding; from now on we refer to the total value of started/completed construction works as Project-Start/Completion. In the EBI Construction Activity Visualization and Report we are also switching to the terms of Project-Start/Completion instead of the previously used Activity-Start/Completion.
Every month this poster will be available here on our blog. If your interest is deeper, we have the EBI data visualization (with indicators for all the 18 segments of the construction market), updated monthly and we have the EBI Construction Activity Report Romania (with data and explanations), published quarterly in English and in Romanian. All these are packed into a yearly subscription. For the specifics, please contact us.