The decline was chiefly due to the completion of works carried out with EU funds at the end of 2015 and partly due to the high base, similar to the previous three months, KSH said. In the first four months of the year, the volume of construction output was 28.3% lower than a year earlier, according to data from KSH.
Output decreased in both main groups of construction – the construction of buildings by 2.7% and civil engineering works by 52.1% – data by KSH shows.
According to KSH, out of the divisions of construction, output rose by 2.9% in the construction of buildings, and by contrast fell 64.7% in civil engineering works. In the division of specialized construction activities, the volume of output was down 9%.
The volume of new contracts was 24.4% lower than in the same period of the previous year, within which the volume of new contracts concluded for the construction of buildings was down by 15.3% and the volume of new contracts for the construction of civil engineering works by 30.6%, KSH added.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
