Construction Sector Output Edges up 0.1% y.o.y. in October

Construction

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The output of Hungary's construction sector edged up 0.1% year-on-year in October, after falling 6% in the previous month, according to data released by the Central Statistical Office (KSH) on Friday.

Output of the buildings segment climbed 2%, but civil engineering output slipped 2.6%. In absolute terms, the construction sector's output reached HUF 660 billion in October.

The buildings segment accounted for 61% of the total. In a month-on-month comparison, output rose 1%, adjusted for seasonal and workday effects.

Order stock was 31% lower at the end of October than 12 months earlier.

Buildings segment orders were down 14.4%, and civil engineering orders dropped 42.5%. New orders fell 11.7% during the period.

New orders in the buildings segment slipped 9.3%, and new civil engineering orders decreased 13.9%. Construction sector output fell 4.2% in January-October from the base period.

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