Construction output volume up 14.5% y.o.y. in Oct
The volume of construction output in October 2021 surpassed the previous year’s level by 14.5% according to raw data by the Central Statistical Office (KSH).
Compared to October 2020, output rose in both main groups of construction: by 19.7% in the construction of buildings and by 9.7% in civil engineering.
Output in the divisions of construction grew by 23.2% in the construction of buildings, and by 8.7% in civil engineering. Specialized construction activities increased by 13% compared to the previous year.
The volume of new contracts concluded lessened by 3.7%, within it the volume of new contracts for the construction of buildings was 4.5% lower and the volume regarding civil engineering went down by 2.9% in relation to the October 2020 base.
The volume of the end-of-October stock of contracts at construction enterprises was 6.7% above the end-of-October-2020 level. The volume of contracts was up by 12.6% for the construction of buildings and by 2.8% for civil engineering, year-on-year.
In the first 10 months of 2021, construction output rose by 11% compared to January-October 2020.
Czech Economic Sentiment Hits 1-year High
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
