Construction dips in March-April, but rises 27.7% for the year
State infrastructure spending helped the country’s construction output increase 27.2% year-on-year in April, the Hungarian Central Statistics Office (KSH) announced today.
KSH reported that construction of buildings increased 9.6% between April 2014 and the same month last year, while civil engineering work increased a healthy 46.5% in that period.
Construction output actually dropped 1.3% between March and April of 2014, but the trend of new orders looks positive, KSH reported.
According to KSH, the bulk of construction work in the period between April 2014 and a year earlier involved railway-reconstruction, road construction work and public utility projects.
Based on seasonally adjusted indices, the construction of civil engineering works rose by 3.5% between March and April. Meanwhile, construction of buildings actually decreased 11.1% from March to April, after a sharp rise in February-March.
The volume of new orders in April increased 35.1% as compared to April 2013. The number of new contracts for building construction rose by 49.3% in the same period, due to some large contracts for industrial and educational buildings, KSH said. New orders for civil engineering work grew year-on-year by 26.9% due to high-value contracts for public utility projects, according to the office.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.