Construction Output Volume in August Same as a Year Ago

Construction

Hungary's volume of construction output in August 2022 was the same as a year ago, according to raw data published by the Central Statistical Office (KSH).

Out of the main groups of construction, the output of construction of buildings increased by 5.5%, and that of civil engineering fell short by 8.5% year-on-year.

Among the divisions of construction, production decreased by 4.9% in the construction of buildings, and civil engineering output declined by 13.0%. Specialized constructions production rose by 12.1%.

The volume of new contracts concluded was below the August 2021 base by 50.4%. The volume of new contracts for the construction of buildings was 18.3% lower, the volume regarding civil engineering lessened by 68.9% compared to the previous year.

The volume of the end-of-August stock of contracts at construction enterprises was 7.8% below the end-of-August 2021 level. The volume of contracts was down by 18.9% for the construction of buildings and up by 0.2% for civil engineering, year-on-year.

In the first eight months of 2022, construction output rose by 5.3% compared to the same period of 2021.

ADVERTISEMENT

Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held

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.