Construction Output in Hungary up 7% y.o.y. in November

Construction

Photo by JU.STOCKER / Shutterstock.com

According to raw data published by the Central Statistical Office (KSH). the volume of construction output in November 2022 surpassed the previous year’s level by 7%.

 

Out of the main groups of construction, the output of construction of buildings was 18.6% higher, and that of civil engineering was 6.9% lower compared to November 2021.

Among the divisions of construction, production grew by 9.1% in the construction of buildings, civil engineering output lessened by 14%. Specialized construction production grew by 18.9%.

The volume of new contracts concluded was above the November 2021 base by 3.8%, within it the volume of contracts for the construction of buildings was 9.6% higher, the volume regarding civil engineering declined by 4.2% year-on-year. .

The volume of the end-of-November stock of contracts at construction enterprises lessened by 1%, within it the volume of contracts was up by 5% for the construction of buildings and down by 5% for civil engineering works compared to the same period of the previous year.

Based on seasonally and working day adjusted indices construction output was above the October 2022 level by 6.9%.

In the first 11 months of 2022, construction output rose by 4.2% compared to January-November 2021.

ADVERTISEMENT

Third of Czechs Only Have a Minimum Financial Reserve, Surve... Analysis

Third of Czechs Only Have a Minimum Financial Reserve, Surve...

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

New CEO at the Helm of Kifli.hu Appointments

New CEO at the Helm of Kifli.hu

120,000 Guest Nights Expected From World Athletics Champions... Tourism

120,000 Guest Nights Expected From World Athletics Champions...

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.