Construction output volume up 3.2% y.o.y. in April
The volume of construction output in April 2022 surpassed the previous year’s level by 3.2%, according to raw data published by the Central Statistical Office (KSH).
Out of the two main groups of construction, output in the case of construction of buildings lessened by 1.2% year-on-year, and that of civil engineering grew by 11.4%.
Among the divisions of construction, production decreased by 12.8% in the construction of buildings. At the same time, civil engineering output rose by 9.5%, and specialized constructions output went up by 13.2% compared to the previous year’s level.
The volume of new contracts concluded increased by 33.9%, within it the volume of new contracts for the construction of buildings was 43.4% higher and the volume regarding civil engineering grew by 25.2% in relation to the April 2021 base.
The volume of the end-of-April stock of contracts at construction enterprises was 8% above the end-of-April-2021 level. The volume of contracts was down by 8.8% for the construction of buildings and up by 20.6% for civil engineering, year-on-year.
In the first four months of 2022, construction output rose by 12.1% compared to the same period of 2021.
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.