ADVERTISEMENT

Construction Output Volume Rises in February

Construction

Construction output volume, based on raw data by the Central Statistical Office (KSH), surpassed the previous year’s level by 3.2% in February 2024.

Output of both main groups of construction increased: the construction of buildings by 2.8%, and that of civil engineering by 4.4%.

Among the divisions of construction, production volume decreased by 6.9% in the construction of buildings, and by 3% in civil engineering. Production in specialized construction activities, however, having the largest weight in construction, expanded by 13%.

The volume of new contracts concluded grew by 84.1%. Within it, the volume of contracts for the construction of buildings increased by 30.1%, and that for civil engineering increased by 150.9% year-on-year. In the case of the latter, in addition to the low base, the significant increase is due to contracts concluded for road construction.

The volume of the end-of-February stock of contracts at construction enterprises lessened by 7.6%, within it the volume of contracts was down by 8.7% for the construction of buildings and decreased by 6.6% for civil engineering works compared to the same period of the previous year.

In the first two months of 2024, production volume in construction grew by 9.5% compared to the same period last year.

Prospects of Hungarian Feed Industry Favorable This Year Crops

Prospects of Hungarian Feed Industry Favorable This Year

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF Int’l Relations

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF

Ganz's Tápiószele Unit Expands With PV Plant, Energy Storage... Manufacturing

Ganz's Tápiószele Unit Expands With PV Plant, Energy Storage...

New Textile Collection Celebrates Hungary's Furmint Grape Wi... Art

New Textile Collection Celebrates Hungary's Furmint Grape Wi...

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.