Domestic Building Materials Market Slows
Photo by JU.STOCKER / Shutterstock.com
The domestic building materials market is slowing down significantly, with a substantial decline in the first months of this year, explained Attila Juhász, the chairman of the board of Új Ház Építőanyag Nagykereskedelmi Zrt., according to business daily Világgazdaság.
While there is an extraordinary slowdown in the domestic construction industry, 2023 has brought countless uncertainties and completely new challenges.
Unfavorable processes also reached the Új Ház network of Hungarian-owned companies.
The first two months of 2023 brought a 21% decrease in sales value compared to the same period of the previous year.
But since significant price increases have also occurred in the meantime, this actually represents a 27% drop in the volume of goods sold, explained Juhász.
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.