ADVERTISEMENT

Construction output volume up 5.9% in August

Construction

Output of Hungaryʼs construction sector climbed 5.9% year-on-year in August, show monthly data issued Wednesday by the Central Statistical Office (KSH). In January-August, compared to the first eight months of 2018, output grew 29.6%.

Based on seasonally and working day-adjusted indices, construction output decreased by 10.5% compared to the July figure, the KSH noted.

The volume of output in the two main groups of construction developed in opposite directions: while the volume of construction of buildings grew by 14.1%, civil engineering works declined by 3.5%.

In the construction of buildings, the increase was due to residential, cultural and industrial projects.

The volume of new contracts increased by 3.2% year-on-year, within which the volume of new contracts concluded for the construction of buildings fell by 2.5%, while growing 10.1% for civil engineering works.

The stock of contracts at construction enterprises at the end of August was down by 12.1% compared to the end of August 2018. The stock of contracts increased by 49.8% for the construction of buildings, but fell by 25.6% for civil engineering works.

In absolute terms, the overall value of construction in August totaled HUF 382.3 billion at current prices.

In January-August 2019, compared to the first eight months of last year, the volume of construction output grew by 29.6%, totaling a combined HUF 2.618 trillion in value at current prices in the year to date.

Construction data for September 2019 - and for the first three quarters of the year - will be published by the KSH on November 12.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.