Construction output volume rose 6.8% in November

Construction

The volume of construction output, based on raw data, was 6.8% higher in November 2019 than a year earlier, according to data released by the Central Statistical Office (KSH).

KSH says that the volume of output increased in both main groups of construction: in the construction of buildings by 8%, in civil engineering works by 5.7%.

In the construction of buildings, the increase was again due to residential, cultural and industrial buildings; in civil engineering projects, growth was generated by road and railway constructions.

The volume of new contracts grew by 24.7%, within this the volume of new contracts concluded in the construction of buildings went up by 9%, in the construction of civil engineering works the volume grew by 36.5% year-on-year. High-value contracts regarding road constructions and railway renovations have been concluded in November.

The volume of the November month-end stock of contracts at construction enterprises decreased by 8.3% compared to the November 2018 data. The stock of contracts volume increased by 46.4% for the construction of buildings and decreased by 20.1% for the construction of civil engineering works.

Based on seasonally and working-day adjusted indices construction output decreased by 4.5% compared to the October data.

In the first 11 months of 2019, construction output grew by 24.4% compared to the same period of the previous year.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.