Construction soars 28.7% in May
Rail and road work helped construction output grow 2.2% in May as compared to April, and construction in the first five months of 2014 was up by 28.7% year-on-year, the Central Statistics Office (KSH) revealed today.
According to the KSH, output rose year-on-year in both main groups of construction: Construction of buildings was up 17%, while civil engineering work increased 40.4%. KSH maintained that the rise in May was due to high value contracts for road construction and renovation, tramway line construction and public utility projects.
Seasonally adjusted indices revealed that the construction of buildings increased by 7.0% in May as compared to April, while civil engineering work rose by 2.1% from month to month.
Looking to indicators of future construction, the volume of new orders was down by 1.1% y.o.y. in May 2014, and the measures of new contracts for building construction was down by 20.9%, although new orders for civil engineering work grew by 13.2%.
The stock of orders of construction enterprises was 60.5% y.o.y. higher by the end of May 2014, with the stock of orders for buildings growing by 0.4% and stock orders for civil engineering work rising by 83.6%.
Clean Air in the Office Has Positive Impact on Work Efficien...
CEETRA Celebrates Regional Brands in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
