Biggest construction companies defy 2020 contraction
While the output of Hungary's construction sector contracted 9.1% last year, the industry's biggest players still managed to grow their businesses, Hungarian news agency MTI reports, citing data compiled by the Central Statistical Office (KSH).
The output of the sector's biggest companies, with more than 250 people on payroll, increased 4.9% last year. Those companies' share of total construction sector output climbed from 8.9% to 10.3%.
The output of companies with a headcount of 50-249 fell 12.8%, while that of companies with 20-49 employees dropped 13.4%. The two groups of companies accounted for 21.1% and 13%, respectively, of total output.
Companies with fewer than 10 people on payroll, making up 43.3% of total construction sector output, registered an output drop of 6.2%.
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