According to the Central Statistics Office (KSH), output of the construction sector reached HUF 209.4 bln in October in absolute terms, at current prices. While building construction declined by 6.5% y.o.y., the output of the civil engineering segment was up 35.2%, KSH said.

Meanwhile, new orders signed during the month fell by a y.o.y. 26.7%, and have been dropping in y.o.y. terms since May. New orders in the buildings segment were down 5.4% and new civil engineering orders fell 34.1% from the previous month.

In a seasonally- and calendar-adjusted month-on-month comparison, construction sector output rose by 3.9%, civil engineering output rose by 4.4%, while output of the buildings segment fell by 3.4%. As with previous months, railway renovation, road construction works and utilities developments boosted civil engineering’s performance.

The output of the construction sector grew by 17.8%, output of the building segment rose by 7.1% and output of the civil engineering segment climbed by 29.1% in the period of January-October, according to KSH.