While the European construction total production stood at 1.172 billion EUR in 2012, indicating a decrease of 4.5% compared to the previous reference, the domestic profile market stalled last year, the total production of the area totalling 9.33 billion EUR (about 0.9% of the total). If we report the results in national currency, the evolution of the specific sector on local level is positive (41.7 billion RON in 2012, compared to 39.6 billion RON in the previous 12 months). However, a revival of the profile segment is not expected in 2013, the officials of the European Construction Industry Federation (FIEC) warning that the European and national policy makers should take into consideration the potential contribution of the construction industry to the economic growth of the EU when they take decisions on structural and fiscal reforms as well as budget cuts. According to the analysis made by the European Federation, the decrease of activity in the construction sector has been observed in all its segments throughout the EU during 2012. The government building measures generated cuts in public investments, severely impeding non-residential buildings and infrastructure segments which recorded declines of 9.9% and 6.5%. In parallel, the housing sector failed to offset the decline in other areas and registered a sudden contraction (of -5.2%), due to the limitation of access to credit and the increasing lower confidence of potential beneficiaries. However, the construction industry remains one of the main engines of European growth, accounting for 9.1% of the GDP of EU.***
The market analysis of the largest construction contractors (TOP 500 Entrepreneurs 2012-2013) includes selected information about the main companies involved in the field, sorted by the turnover registered during last year. The methodology used is based primarily on information contained in the updated lists of companies active in entrepreneurship and execution of construction works, developed by the specialized department of Agenda Construcţiilor magazine.
