Construction Output Volume up 3% y.o.y. in July
The volume of construction output in July 2022 surpassed the previous year’s level by 3%, according to raw data published by the Central Statistical Office (KSH).
Out of the main groups of construction, the output at the construction of buildings increased by 0.5%, and that of civil engineering grew by 7%, compared to the same month of 2021.
The volume of new contracts concluded was below the July 2021 base by 16.6%, within it the volume of new contracts for the construction of buildings was 20.3% lower, and the volume regarding civil engineering lessened by 13%.
The volume of the end-of-July stock of contracts at construction enterprises was 0.3% above the end-of-July 2021 level. The volume of contracts was down by 14.7% for the construction of buildings and up by 12.2% for civil engineering, year-on-year.
In the first seven months of 2022, the construction output rose by 6.3%.
ADVERTISEMENT
New Tenant in Wing’s Hungária Office Park Development
BKK Steps up Airport Shuttle Bus Service
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.
