Output of the buildings segment slipped 5.3% and civil engineering output fell 26.5%.

In a month-on-month comparison, output rose a seasonally- and workday-adjusted 1.3%.

In absolute terms, construction sector output came to HUF 389.4 billion in October.

For the period January-October, construction sector output fell 11.7% as building segment output dropped 9.5pc and civil engineering output declined 14.2%. Output came to nearly HUF 3.328 trillion for the period.

Construction company order stock was down 10% at the end of October from twelve months earlier. Building segment order stock rose 25% but civil engineering orders declined 23%.

New orders were up 17.3% as new building segment orders increased 16.1% and new civil engineering orders rose 18.5%.