Construction Output Volume in August Same as a Year Ago
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.
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