The first nine months of the year were poor for constructioncompanies listed on the Stock Exchange, which saw a nearly 20%turnover decline. Producers of construction materials were notspared, either, with their turnovers down by around 4%.
Overall, the business of Stock Exchange-listed constructioncompanies slipped by 11.4%, to 732 million RON (173 million euros),while the cumulated net results amount to a 1.52 million-RON(360,000-euro) net loss, compared with a 23 million-RON cumulatedprofit in the similar period of 2009.
The declines come after business in the sector saw a majorcontraction, by nearly 40%, with most companies budgeting revenueincreases at the beginning of the year, expecting a rebound inorders.
The rebound did not, however, occur, with turnovers of constructioncompanies pursuing their decline amid a drop in stateinfrastructure works and lessened purchasing power as a result ofthe austerity measures taken by the Government.
The construction sector has therefore recorded the biggest slumpout of the major GDP components, with the gross added value in theconstruction sector down by 13.3% in the first nine months of theyear against the similar period of 2009, according to datapublished on Thursday by the National Statistics Institute(INS).
