ADVERTISEMENT

Construction sector contraction accelerates in October

Construction

Output of Hungary's construction sector fell 16.2% year-on-year in October, after declining 14.7% in the previous month, Hungarian news agency MTI reports, citing data released by the Central Statistical Office (KSH) on Tuesday.

Output of the buildings segment slipped 5.3% and civil engineering output fell 26.5%.

In a month-on-month comparison, output rose a seasonally- and workday-adjusted 1.3%.

In absolute terms, construction sector output came to HUF 389.4 billion in October.

For the period January-October, construction sector output fell 11.7% as building segment output dropped 9.5pc and civil engineering output declined 14.2%. Output came to nearly HUF 3.328 trillion for the period.

Construction company order stock was down 10% at the end of October from twelve months earlier. Building segment order stock rose 25% but civil engineering orders declined 23%.

New orders were up 17.3% as new building segment orders increased 16.1% and new civil engineering orders rose 18.5%. 

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

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.