In June 2023, statistics from the Central Statistical Office (KSH) registered a 3.8% decrease in construction industry production compared to the same period of the previous year, while producer prices showed a significant increase of 17.2%.
The sector players consider the nearly HUF 3 trillion drop in government orders and the 25% drop in housing construction to be of particular concern.
According to the industry, in response to the current challenges, construction companies should consider basic cost optimization measures, including downsizing.
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