ADVERTISEMENT

Construction Output in Hungary Down 3.6% y.o.y. in January

Construction

According to raw data published by the Central Statistical Office (KSH), the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%.

The output of both main groups of construction lessened: construction of buildings by 4% and that of civil engineering by 2.1%.

Among the divisions of construction, production decreased by 7.8% in the construction of buildings, by 0.7% in civil engineering, and by 1.9% in specialized constructions.

The volume of new contracts concluded was below the January 2022 high base by 28%; within it, the volume of contracts for the construction of buildings was 23.2% lower, while the volume regarding civil engineering declined by 36.2% year-on-year.

The volume of the end-of-January stock of contracts at construction enterprises lessened by 18.2% compared to the same period of the previous year; within it the volume of contracts was down by 2% for the construction of buildings and down by 29.6% for civil engineering works.

Based on seasonally and working day adjusted indices construction output was below the December level by 5%, KSH notes.

Zwack Profit Falls 16% Figures

Zwack Profit Falls 16%

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.