Construction output volume up 5% y.o.y. in November
The volume of construction output in November 2020, based on raw data, surpassed the previous year’s level by 5%, the Central Statistical Office (KSH) notes.
Compared to November 2019, output increased in both main groups of construction: in the construction of buildings by 7.7% and in civil engineering by 2.2%.
Out of the divisions of construction, output expanded by 4.7% in the construction of buildings, by 1.4% in civil engineering, and in specialized construction activities by 7.9%.
The volume of new contracts concluded increased by 55.5%, within it the volume of new contracts for the construction of buildings grew by 87.1%, the volume regarding civil engineering works rose by 35.5%, according to data by KSH.
The volume of the November end-of-month stock of contracts at construction enterprises was 2.7% higher than at the end of November 2019. The volume of contracts increased by 53.8% for the construction of buildings and decreased by 15.0% for civil engineering works compared to the previous year.
Compared to October 2020, the volume of construction output grew by 12.1%.
Construction output lessened by 9.9% in the first 11 months of 2020 compared to the same period of 2019.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
