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Romanian construction industry expected to record moderate growth
November 23, 2011
By wmi
The Romanian construction industry is expected to grow at a moderate CAGR of 4.68% to 2015 due to uncertain economic conditions and lower levels of investment.
The industry declined by 9.7% in 2009 and 7.8% in 2010 owing to the global economic depression. However, the country is expected to attract investors and the construction industry is expected to rebound to 2015.
The commercial construction market is expected to recover mainly due to the growth in the office buildings category. The category, accounting for 69.7% of the commercial construction market, is expected to grow with a CAGR of 4.05% to 2015. However, the fastest growth rate is expected to be registered by the manufacturing buildings category, expected to grow at 4.11% from 2011 to 2015.
Infrastructure construction is expected to clock the highest CAGR of 6.07% owing to the continued investment by the government to improve infrastructure. Investments pertaining to the 2012 election are expected to be a key factor in this growth.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in Romania to 2015: EU Funds for Infrastructure Development to Play a Key Role in Future Growth published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on November 23, 2011 11:46 AM
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